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Article: Diller, Malone settle feud.(Barry Diller and John Malone )(Brief article)

Article from:
Daily Variety
Article date:
May 14, 2008
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IAC/InterActiveCorp and Liberty Media said Tuesday that they've resolved a legal skirmish regarding IAC's plans to break into several parts.

Liberty is dropping its appeal of a March ruling by a Delaware judge, who sided with IAC head Barry Diller on the breakup plans.

The weeklong trial featured both Diller and Liberty's John Malone on the stand and shed light on the billionaire media barons' business methods and personalities.

Malone was infuriated by Diller's plan to break IAC/InterActiveCorp into five companies because it will cut his voting rights in half by virtue of eliminating a second class of shares. Liberty owns about 30% of IAC, but ...

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