IAC's Barry Diller and Liberty Media's John Malone agreed upon a spinoff plan for IAC businesses, but a little something in the fine print turned the plan into a court fight.
Everything comes down to control, especially with media magnates wrestling over billion-dollar deals. Diller picked this particular fight by reaching a lot farther for control of the IAC spinoff companies. If the plan goes through as proposed, Malone also took shots at Diller's management style, his compensation, and his use of the company jet. The change to a single class of stock would make Diller, not Malone, the real winner, asSuggest a Correction
Found an error or have a suggestion? Let us know and we'll review it.
No comments yet. Be the first to comment!