Article: Diller's IAC to Split Into Five Units

IAC/InterActiveCorp, the Internet conglomerate run by Barry Diller, said Monday it will break itself into five publicly traded businesses _ an indication that the media mogul's plan to build a multimedia empire has failed.

The announcement drove IAC's shares up more than 6 percent.

The New York-based company plans to spin off its HSN home shopping network, Ticketmaster ticketing service, Interval time-share business and LendingTree mortgage referral units.

Roughly 30 Web-only brands _ including the Ask.com search engine, Match.com, Evite, Citysearch and Excite _ would remain as part of IAC.

Diller also announced that IAC had reached a renewed deal with Google Inc. ...

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