Barry Diller's IAC/InterActiveCorp is bowing out as owner of Lending Tree, the online price comparison and home mortgage lead generator that's been hammered by the subprime mortgage crisis. Diller spins off the once heavily-advertised Web site next month, like his interest in St. Petersburg-based HSN Inc. Charlotte-based Lending Tree, the real estate loan and brokerage services site, lost a third of its annual revenue and $540-million in equity in 2007. It sees a future hinging on more than revival of the real estate market. Doug Lebda, chief executive in what's renamed Tree.com, envisions price comparison sites for credit card offers, student loans and insurance.
Lending Tree, Diller prepare to go separate ways
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