Barry Diller’s IAC Split into Five Units
Internet Companies, Brand Marketing November 5th, 2007This morning, Barry Diller’s Internet conglomerate IAC announced they will split into five separate publicly traded companies. The break down is as follows:
IAC
Ask.com, Citysearch, IAC Advertising Solutions, Evite, iWon, My Way, Match.com, CollegeHumor, GarageGames, and Gifts.com
HSN
HSN TV, hsn.com, and Cornerstone Brands
Ticketmaster
Ticketmaster
Interval International
Interval International
LendingTree
LendingTree
By breaking IAC up into smaller operating units, investors will be able to focus on the individual businesses in each unit, and one poor performing website will have less of an impact on the value of the entire company. Personally, I like the unit that will retain the IAC brand. More information about this can be found on Yahoo Finance.
November 7th, 2007 at 4:31 pm
i agreee, i like the unit that will retain the IAC brand, esp iwon.com. i checked out their relaunched 2.0 site and have been playing turbo solitaire a little obsessively. i also just read about their partnership with facebook for the beacon application. good stuff, thanks again elliot!