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Article: For IAC/InterActiveCorp, breaking up is easy to do; With spinoff this week, new company's shares are seen as a bargain.(In the Markets)
- Article from:
- Crain's New York Business
- Article date:
- August 18, 2008
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Copyright informationCOPYRIGHT 2008 Crain Communications, Inc. 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: Amanda Fung
Iac/interactivecorp is about to get leaner and more desirable. Media mogul Barry Diller spent four years building the empire of disparate online and traditional media properties, but Wall Street found the conglomerate difficult to stomach. On Thursday, Mr. Diller will officially divide IAC into five stand-alone businesses--a move that is expected to boost shareholder value.
IAC shares have fallen about 28% in the past year and closed at $18.62 on Friday. The five spun-off businesses began trading on a when-issued basis last Tuesday; two declined and three rose during the week.
"The new IAC is a basket of 32 Internet companies at various stages ...
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Article: Earnings.(Financial report)(Brief article)
CableFAX;
May 1, 2008 ;
108 words
......677mln and a 42% dip in operating income to $20mln. HSN alone delivered 5% rev growth and operating income of $28 million. The New IAC segment (Ask.com, Match.com and other Web plays) posted rev of $392mln (+22%). [Copyright 2006 Access Intelligence, LLC. All...
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