4.27%XLF 16.00 10.11%QQQQ 32.65 6.34%
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NEW YORK - IAC/Interactive Corp. is on track to begin spinning off four businesses, analysts said Wednesday after the company resolved a dispute with a key shareholder who opposed the plan.
| IACI | 15.48 |  -0.48 |
Doug Anmuth of Lehman Brothers said the spinoff of Ticketmaster, LendingTree.com, Interval time shares and the HSN home shopping network should start in the third quarter. According to Jennifer Watson of Goldman Sachs, the dispute between the leadership of IAC and Liberty Media Corp. could have delayed the spinoffs until late this year or early 2009.
Watson raised her six-month price target to $26 per share from $23. The stock finished at $23 Tuesday.
Liberty Media had opposed the spinoffs, which would have reduced its voting power in IAC's decisions.
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