Suddenly and surprisingly media moguls Barry Diller and John Malone have patched
things up. Malone will not pull Liberty Media out of Diller's InterActiveCorp, as
was widely presumed following a Delaware court decision favoring Diller. In a joint
statement, Liberty agreed to drop its appeal of that decision in return for Liberty receiving
representation on the boards of each of the IAC companies that Diller plans to spin
off including Ticketmaster, HSN (Home Shopping Network), Ticketmaster, and Lending
Tree. Diller issued a statement saying, "Now it's really over and that's great for
both of us."
14/05/2008
See Also
