IAC Seeks Lift by Splitting Off Units

Word Count: 454 | Companies Featured in This Article: IAC/InterActiveCorp, Google, Liberty Media It took more than a decade for media mogul Barry Diller to piece together Internet conglomerate IAC/InterActiveCorp. Now the challenge for Mr. Diller will be to show a smaller, more focused IAC can be a better business. Effective Thursday, IAC will spin off four of the company's biggest properties, including the HSN home-shopping network and Ticketmaster, into separate public companies. IAC will be left as a collection of more than 35 Internet companies, including search engine Ask.com, dating site Match.com and online-invitation service Evite. The split is a test of... [read full story]