Barry Diller Stepping Down As IAC CEO
Barry Diller, the CEO of IAC who played a significant role in the Daily Beast / Newsweek merger, is stepping down. He will remain with the company as chairman, with Greg Blatt, the former CEO of IAC-owned Match.com, will take over a CEO of IAC.
Furthermore, Liberty Media has sold its entire stake — and, thus, its 60 percent voting control — in the company. In exchange, Liberty Media will receive IAC’s Evite and Gifts.com and $220 million in cash.
Diller
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