Liberty-IAC Go To Court
The media mogul feud between Barry Diller’s IAC/InterActiveCorp and shareholder John Malone’s Liberty Media continued yesterday in a Delaware Chancery Court. Liberty, which owns a majority voting stake, is not happy about the share price. From The Hollywood Reporter:
”The IAC move is the latest in an increasingly bitter showdown between the company and longtime investor Liberty, controlled by chairman John Malone. He and Liberty CEO Greg Maffei have been unhappy with IAC’s stock price and in recent months have talked with Diller about possibly restructuring the company or Liberty’s stake in it.
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