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Article: CLASH OF THE TITANS Once trusted friends, Malone, Diller now battling for IAC.(Business)
- Article from:
- Rocky Mountain News (Denver, CO)
- Article date:
- January 30, 2008
- Author:
CopyrightCOPYRIGHT 2008 Rocky Mountain News. All rights reserved. Reproduced with the permission of the Dialog Corporation by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Jeff Smith, Rocky Mountain News
John Malone and Barry Diller are feuding publicly, after working together since the mid-1990s to build IAC, owner of the Home Shopping Network, Ticketmaster and dozens of Internet-related businesses.
IAC Chairman Diller wants to split IAC into five publicly held companies; Liberty Media would lose its majority voting interest under the current plan. Douglas County-based Liberty Media has sued to block the spinoff and to oust Diller and his loyalists.
* Background: Malone gave Diller the right to vote Liberty's IAC shares 12 years ago.
"When (Malone) signed off his voting control, he trusted ...
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