05 November 2007

Diller splits up IAC again - Only Match, Ask and Citysearch are left

Diller has decided he needs a few pennies. So he is spinning out 4 of the remaining businesses in IAC (InterActive Corp). So far the Travel businesses (except Timeshare) are all out as Expedia. Soon to follow are:

Moneytree (Lending)
HSN - Home Shopping Network
Interval International

This will leave the rump with just 3 players - Match.com, Ask.com (Search) and Citysearch.

Many of these players are now mature enough to stand on their own and return some value to Mr Diller and crew.



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