Barry Diller’s IAC Split into Five Units
This morning, Barry Diller’s Internet conglomerate IAC announced they will split into five separate publicly traded companies. The break down is as follows:
By breaking IAC up into smaller operating units, investors will be able to focus on the individual businesses in each unit, and one poor performing website will have less of an impact on the value of the entire company. Personally, I like the unit that will retain the IAC brand. More information about this can be found on Yahoo Finance.
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