Comments on: Barry Diller Uncomplicates His Life—Splits IAC Five Ways

By: www.ubraniaroxy.pl » Blog Archive » The New IAC: Riding On Google’s Coattails

Wed, 14 May 2008 11:29:27 +0000

[...] this morning, and broke out the financials of what the new IAC would like after the pending five-way breakup of the company is completed. (A March court victory against dissenting shareholder Liberty Media [...]

By: Diller Wins Break-Up Battle In Court

Diller Wins Break-Up Battle In Court — Mon, 31 Mar 2008 16:09:34 +0000

[...] battle today against Liberty Media’s John Malone. Now Diller can finally go ahead with his plan to break up InterActive Corp. into five pieces—HSN, Ticketmaster, Lending Tree, Interval International, and the new IAC [...]

By: TicketMaster Buys Online Scalper TicketsNow For $265 Million

TicketMaster Buys Online Scalper TicketsNow For $265 Million — Tue, 15 Jan 2008 15:51:57 +0000

[...] in time for the Super Bowl and ahead of IAC’s breakup, Ticketmaster has struck a deal to acquire online ticket scalper TicketsNow for $265 million. This [...]

By: IAC Asks for a Change and Targets the Kids - GigaOM

IAC Asks for a Change and Targets the Kids - GigaOM — Thu, 10 Jan 2008 20:27:23 +0000

[...] which is in the process of spinning out several of its businesses, among them TicketMaster and the Home Shopping Network, owns other [...]

By: The Year In Deals (2007 Edition)

The Year In Deals (2007 Edition) — Sat, 29 Dec 2007 02:39:00 +0000

[...] Barry Diller Uncomplicates His Life—Splits IAC Five Ways, November 5 [...]

By: Jools

Jools — Tue, 06 Nov 2007 07:44:38 +0000

Good thing that guy is not doing business in Denmark.

Diller *LOL*

By: Charlie Anzman

Charlie Anzman — Tue, 06 Nov 2007 02:58:35 +0000

This was the ONLY solution. Companies should be diversified but in this hyper-dynamic marketplace, Internet conglomerates can get clobbered. There’s simply too much talent (and venture capital) out there. IAC’s RealEstate.com is just one example. Just barely got out of the box before they encountered new players such as Zillow and Trulia. These companies need to be ‘lighter on their feet’ and independently managed and financed.

By: wonderer

wonderer — Tue, 06 Nov 2007 00:09:06 +0000

Any more on the IAC intent to acquire Flixster?

By: jay donaldson

jay donaldson — Mon, 05 Nov 2007 22:40:42 +0000

this is only going to have a POSITIVE impact on the stock - it will go up to where it should be valued. it is and has consistently been UNDERVALUED by any standards when compared to other companies. this will spin off the solid but slower growing assets and keep the fast growing internet properties by themselves where they have always belonged. wall street will respond and stock will finally move up SHARPLY!

this is the time to buy!

By: Darwin

Darwin — Mon, 05 Nov 2007 20:49:05 +0000

Survival of the fittest I say!!! This is a good move for their shareholders (albeit medium to long-term). There will certainly be some hiccups in the beginning as IAC sorts out the suckling piglets from the magic beans.

I expect acquisitions will be paused or muted in the next little while, but NOT for long! There are still plenty of web treats out there (… like Stumbleupon, JackSawJane, etc.) that would strengthen within a fortified Diller portfolio.

By: Ron Palmeri

Ron Palmeri — Mon, 05 Nov 2007 20:05:32 +0000

what, no mention of the $3.5b/5yr Google deal? no doubt Yahoo and MSFT got aced out on that one:

“IAC also announced Monday it struck a five-year approximately $3.5 billion deal with Google Inc., giving the Internet giant the right to sell ads on Ask.com and other IAC Web properties. The deal follows an intense year long negotiation in which Google competed with both Microsoft Corp. and Yahoo Inc. for the right to sell ads on Ask, which accounts for about 5% of Internet searches.” - WSJ

By: Paul J

Paul J — Mon, 05 Nov 2007 20:01:17 +0000

@ 11 - sounds a bit like the Sky is Falling here. Steve Ballmer was pretty darn bullish on acquiring companies at Web2.0 Summit this year. Facebook could start acquiring even. The only thing overshadowing anything is Bubble2.0.

By: TC Trouble

TC Trouble — Mon, 05 Nov 2007 19:36:34 +0000

Trouble at IAC could mean trouble for a lot of startups here. IAC is arguably one of the key players in acquiring emerging startups. Think Google, Yahoo, MSN, News Corp., AOL announcing they’re cutting back on acquisitions. THIS COULD BE HUGE!!!

By: Ashesh

Ashesh — Mon, 05 Nov 2007 18:41:34 +0000

Per Diller about the diverse holdings, “…Now that we have real scale in the pure Internet units, it makes nothing but sense to me to reorganize the whole…..Each of these spun-off businesses is in fact a distinct business sector, and each will benefit from standing on its own, with its own capital structure, its own currency which will enhance its ability to attract and retain superior talent and make acquisitions, and a focused story investors can clearly understand and buy into.”

By: What?

What? — Mon, 05 Nov 2007 18:24:29 +0000

Just because integration hasn’t worked, doesn’t mean that breaking them into distinct business units is going to work. This is just a delaying tactic. Sooner or later, Diller is going to have to admit that a large number of these companies are performing well below expectations.

And anyone using the word “deconglomerate” should be beaten to death with a unabridged dictionary. Deconglomerate your head from your ass.

By: chrisco

chrisco — Mon, 05 Nov 2007 17:56:35 +0000

took him long enough….

By: Yousef Ourabi

Yousef Ourabi — Mon, 05 Nov 2007 16:36:20 +0000

Slight typo: “in the larger businesses are difficult for teh smaller ones to overcome no matter how fast they are growing.”

This is interesting. I wonder if the plan was to use the larger budget of the unified IAC for Asks recent advertising push, then break up the campaign as that breaks down so the internet properties see the benefits but not the cost of “Who killed the Algorithm?”. (Assuming there are benefits to be had).

Or maybe, Barry is getting ready to sell Ask to a certain pacific northwest software company, and this made that easier?

By: nick of cebu

nick of cebu — Mon, 05 Nov 2007 16:31:00 +0000

What? What? Are you kidding? This is insane! It’s like ripping off the hands and feet of a well-performing athlete. Ruthless and relentless integration was what made IAC good, and even more integration could have made them great. This move might make sense for the bean counters, but it doesn’t make sense strategically.

By: Chip

Chip — Mon, 05 Nov 2007 16:06:48 +0000

Agreed. It is a good idea. Investors win. The companies become more agile. There was not enough synergy between the various companies to warrant keep them together.

(Bjorn: don’t take it personally… it has a LOT to IAC being a public company. It is important to get a message like this out to the market in a single beat so it can react. And, good luck to you. I use Bloglines…keep it up.)

By: Fabian Schonholz

Fabian Schonholz — Mon, 05 Nov 2007 16:01:26 +0000

I think it is a good idea. It will allow a greater focus and as #1 said, they can merge back up later. Additionally, there is a potential for a greater upside.

By: Michael

Michael — Mon, 05 Nov 2007 15:54:46 +0000

This is a great move for Diller. The abovementioned companies can survive as stand-alone entities, and should generate quite the buzz across Wall Street. I guess it all really depends on where the public offerings are priced.

By: Bjorn

Bjorn — Mon, 05 Nov 2007 15:41:24 +0000

I work at IAC, and I haven’t heard anything about it until I read it here! I haven’t gone to work yet either. :/ (I work at Bloglines)

By: meetingflex.com

meetingflex.com — Mon, 05 Nov 2007 15:27:39 +0000

Thats a good move..individually they can prove their strength and then they can always merge back again…or take part in some complex re-structuring.

http://www.meetingflex.com
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