A group of Tinder co-founders and current and former employees is suing IAC and Match Group over the valuation of the popular dating app. Former CEO Sean Rad alleges that Tinder’s parent companies intentionally undervalued the popular dating app to deny early employees billions in stock options.
The chairman of IAC and husband of Diane von Furstenberg reflects on pornography, philanthropy and the end of Hollywood as we knew it.
NEW YORK (AP) — Media and internet company IAC/InterActiveCorp on Monday said it is buying Angie’s List Inc. with the aim of melding the consumer reviews company with its HomeAdvisor business and creating a new publicly traded enterprise. The combined company will be called ANGI Homeservices Inc. and will keep both the Angie’s List and […]
Glenn Schiffman, a former co-head of media banking at Lehman Brothers, will be the Internet conglomerate’s chief financial officer.
NEW YORK (AP) — IAC/InterActiveCorp is forming a new digital publishing company that will group all of its websites together. IAC, which is controlled by billionaire Barry Diller, spun off dating websites Tinder, Match.com and OKCupid last month and Wednesday’s suggests a stronger online publishing push. The websites include About.com, Dictionary.com, Investopedia and The Daily […]
IAC/InterActiveCorp, the hodgepodge of Internet businesses, has come under scrutiny. But today, the numbers tell a different story for his unique business model of buying digital businesses, folding them into a conglomerate and then spinning out the most successful ones.
IAC, the Internet-media conglomerate controlled by Barry Diller, has 150 brands and products including Ask.com, About.com, Match.com, HomeAdvisor and Vimeo. Hammer oversees NBCU’s entire cable entertainment portfolio including USA, Syfy, E, Bravo, Oxygen, Esquire Network, Sprout, Chiller and Cloo, as well as production entities Universal Cable Productions and Wilshire Studios.
The New York Times Co. reached an agreement to sell the About Group — which includes About.com — to IAC/InterActiveCorp for $300 million in cash.
Barry Diller’s IAC/InterActiveCorp has taken control of Newsweek Daily Beast after the family of late stereo magnate Sidney Harman declined to pump any more cash into the money-losing joint venture.
It’s hard to tell who has more to potentially worry about from Aereo — a new service financed by Barry Diller’s IAC that enables consumers to get broadcast TV without a cable — the broadcasters or the cable industry. Diller calls Aereo a “potentially transformative technology.” The broadcasters and their lawyers are likely working on other phrases to describe Aereo as copyright thieves.
Barry Diller is stepping down as CEO of IAC — and he’s getting a divorce from John Malone after a long, often tumultous marriage. Diller announced today that he has relinquished his post at the New York-based digital media company, part of a complicated deal that will see Liberty Media, one of IAC’s biggest stakeholders, exit the business.