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Has anyone been watching the drama brewing in the IAC boardroom?
Soon after IAC decided to spin off into 5 separate companies there has been a backlash from IAC 30% equity owner, Liberty Media. Prior to the separation Liberty Media had owned 62% of the voting power at IAC, which they agreed that Dillard would control their vote.
Now times have changed since that agreement and with Dillards recent move to spin of IAC into 5 separate companies that essentially negated Liberty Media’s control of IAC, they are clearly upset and now look to regain their voting power through the court room.
I have been tracking many of the articles. Here are the good ones:
A Battle of the Moguls Over IAC
Diller Facing Ouster From IAC
Lawsuit Creates Uncertainty for IAC
Media Mogul Smackdown
Barry Diller Faces Fight for Control of Empire, including LendingTree
IAC Looking For Buyers/Investor For Spinoff Units: Report
It’s my guess that the spin off was a move to enable the opportunity for a liquidation, something Liberty Media probably did not want. It will be interesting to see how this all pans out.
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1 Comment
[...] the battle rages in the IACI boardroom between Barry Diller and Liberty Media the mortgage market is disproportionately affecting [...]
I can understand eliminating affiliates that are pushing through garbage, although most lenders now dont pay if the lead is returned.
But I find this as an odd way to reduce
expenses, it seems that affiliate marketing makes more sense than spending on add dollars as you have better roi
Those of us who deliver quality traffic and results will inevitably survive, but it puts most of our budgets under strain and will challenge our biz relationships moving forward.
[Reply]
[...] the battle rages in the IACI boardroom between Barry Diller and Liberty Media the mortgage market is disproportionately affecting [...]