IAC Breaks Up

FREE IFN Newsletter

IAC Breaks Up

By: Nathan Weinberg
2007-11-06

InterActiveCorp, the internet conglomerate assembled by Barry Diller, is breaking up into five seperate companies following pressure Dillers...

...backer John Malone. Barry Diller is following the most important piece, the new IAC, which will be mostly the Ask.com corporation, meaning Ask.com, as important as it was before, becomes the central focus for the company, great news for Ask fans going forward.

The IAC unit will basically be Ask.com, plus Citysearch and Match.com. Being spun off are HSN (Home Shopping Network), LendingTree, TIcketMaster and Interval International (a vacation time share business). Shareholders are happy, sending the stock up 7.5%, since theyll get shares in the four new spun-off companies. The new company will be far less complex than the old IAC, with the focus being understandably on Ask and search, and if you ask me, thats a very smart move.

Valleywag is of the opinion that the news that a major multi-billion dollar conglomerate was breaking up was much bigger news than Googles non-phone announcement yesterday. If the internet media (which has just been embarrassing the last few days) stopped going nuts over every shiny non-news that comes along, they might even agree.

Meanwhile, Ask.com solidified its biggest revenue stream for the future, re-upping its deal with Google to carry Google ads on Ask.com. The new deal goes five years and will bring in at least $3.5 billion.

Comments

Tag: InterActiveCorp

Add to

Del.icio.us |

Digg |

Reddit |

Furl

About the Author:
Nathan Weinberg writes the popular InsideGoogle blog, offering the latest news and insights about Google and search engines.

Visit the InsideGoogle blog.


Titan Quest Forum	Nintendo Wii	Graphics Forum
Halo 3 Forum	Mac Software