Article: IAC group to split into 5 separate companies Breakup plan signals a retreat for Diller

Peter Edmonston and Michael de la Merced The New York Times Media Group
International Herald Tribune
11-06-2007
IAC group to split into 5 separate companies Breakup plan signals a retreat for Diller
Byline: Peter Edmonston and Michael de la Merced The New York Times Media Group
Edition: 4
Section: FINANCE/BUSINESS

NEW YORK --

IAC/InterActiveCorp, the media and Internet conglomerate cobbled together by Barry Diller, said Monday that it planned to carve itself up into five companies, a move that seemed to signal a retreat for a media magnate who was the most highly paid chief executive in the United States in 2005.

The plan is also one of most elaborate corporate breakups in recent years, ...

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