LIBERTY MEDIA INCREASES ITS HOLDING IN IAC TO 30 PERCENT
January 15th 2008 01:11
Liberty Media Corp paid US$340 million to increase its economic ownership of IAC/InterActiveCorp to roughly 30 percent from 25 percent on Friday, the Wall Street Journal reported.
Liberty already owns a majority voting stake in IAC, but its shares are voted by IAC's chief executive Barry Diller under a long-standing proxy agreement. That agreement could soon be unwound as IAC prepares to spin-off LendingTree, Interval, Ticketmaster and the HSN home-shopping network mid-year.
IAC and Dow Jones, publisher of the Wall Street Journal, are jointly building a personal-finance web site.
| 41 |
| Vote |
subscribe to this blog
