International Business News - IAC http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Barry Diller is feeling very lucky right now. The consummate deal maker split his Internet conglomerate, IAC/InterActiveCorp, into five publicly traded companies in late August--and not a moment too soon, he told The Associated Press in an interview this week. IAC borrowed $2 billion to finance three of the five companies. http://www.ibtimes.com/data/articleimgs/143339-iac-diller.jpg http://www.ibtimes.com/articles/20081001/diller-iac-extremely-lucky-with-split-timing.htm http://www.ibtimes.com/articles/20081001/diller-iac-extremely-lucky-with-split-timing.htm Wed, 01 Oct 2008 17:15:06 EDT Barry Diller's IAC/InterActiveCorp spent $154,000 in the second quarter lobbying on Internet advertising and other issues, according to a July report. http://www.ibtimes.com/articles/20080926/iac-spent-154-000-lobbying-in-second-quarter.htm Fri, 26 Sep 2008 13:02:08 EDT An RBC Capital Markets analyst upgraded shares of IAC/InterActiveCorp to "Outperform" on Wednesday, saying that the Internet company's stock is now "too cheap to ignore." http://www.ibtimes.com/articles/20080917/rbc-analyst-upgrades-iac-to-outperform.htm Wed, 17 Sep 2008 12:26:47 EDT Moody's Investors Service said Thursday it has downgraded Barry Diller's IAC/InterActiveCorp because its split into five publicly traded companies represents a "significant reduction in IAC's scale and business diversity." http://www.ibtimes.com/articles/20080821/moodys-downgrades-iac-after-company-split.htm Thu, 21 Aug 2008 20:02:35 EDT Standard & Poor's Ratings Services affirmed its "BB" corporate credit rating for IAC/InterActiveCorp but removed the Internet company from CreditWatch following its successful split into five separate companies Thursday. http://www.ibtimes.com/articles/20080821/s-p-removes-iac-from-watch-list-after-spinoffs.htm Thu, 21 Aug 2008 15:18:14 EDT Internet conglomerate IAC/InterActiveCorp finished its split into five publicly traded companies on Thursday. Here is a look at what each of the companies will focus on: http://www.ibtimes.com/articles/20080821/a-look-at-the-companies-resulting-from-iacs-split.htm Thu, 21 Aug 2008 14:38:17 EDT IAC/InteractiveCorp, which finished its division into five publicly traded companies Thursday, also enacted a one-for-two reverse stock split. The reverse split means that for every two shares of IAC held before the spinoffs, investors will now hold one share of IAC. Such moves raise a company's stock price but do not change its overall market value. http://www.ibtimes.com/articles/20080821/iac-enacts-reverse-stock-split-with-spinoffs.htm Thu, 21 Aug 2008 09:06:20 EDT Barry Diller's IAC/InterActiveCorp completed its split into five publicly traded companies Thursday--a move intended to give each business more focus and value than the previously cluttered whole. http://www.ibtimes.com/articles/20080821/iac-completing-split-into-5-publicly-traded-parts.htm Thu, 21 Aug 2008 19:00:51 EDT Internet conglomerate IAC/InterActiveCorp said Monday its plan to split itself into five parts is set to be completed on Aug. 21, and regular trading of all the companies will start that day. http://www.ibtimes.com/articles/20080811/iac-to-complete-unit-spinoffs-aug-21.htm Mon, 11 Aug 2008 08:02:39 EDT Among the earnings stories for Wednesday, July 30, from AP Financial News: NEW YORK (AP)--IAC/InterActiveCorp said Wednesday that it swung to a second-quarter loss, hurt by a $300 million write-down in a catalog business, but excluding that and other charges its earnings beat analysts' estimates. http://www.ibtimes.com/articles/20080730/earnings-roundup-iac-reynolds-american.htm Wed, 30 Jul 2008 14:44:13 EDT IAC/InterActiveCorp said Wednesday that it swung to a second-quarter loss, hurt by a $300 million writedown in a catalog business, but excluding that and other charges its earnings beat analysts' estimates. http://www.ibtimes.com/articles/20080730/iac-swings-to-2q-loss-on-charges.htm Wed, 30 Jul 2008 17:22:36 EDT IAC/InterActiveCorp reports earnings for the second quarter on Wednesday. The following is a summary of key developments and analyst opinion related to the period. http://www.ibtimes.com/articles/20080728/earnings-preview-iac-interactivecorp.htm Mon, 28 Jul 2008 11:13:28 EDT Internet conglomerate IAC/InterActiveCorp, preparing to spin off four of its operating units, said late Tuesday it plans to take about $170 million in charges because the housing crisis has diminished the value of its mortgage and real estate businesses. http://www.ibtimes.com/articles/20080722/iac-to-take-170m-in-charges-for-spinoffs.htm Tue, 22 Jul 2008 20:42:46 EDT IAC/InterActiveCorp is getting closer to spinning off four of its operating units, with the company saying Friday it priced $840 million in bonds and received $1.15 billion in bank commitments related to the spinoffs of three units. http://www.ibtimes.com/articles/20080718/iac-heads-toward-spins-with-almost-2b-financing.htm Fri, 18 Jul 2008 16:45:57 EDT IAC/InterActiveCorp's search engine, Ask.com, and photo and video sharing site Photobucket said Thursday that they formed an agreement under which an Ask.com search box is displayed on Photobucket's site. http://www.ibtimes.com/articles/20080710/ask-com-photobucket-in-search-deal.htm Thu, 10 Jul 2008 13:09:07 EDT IAC/InterActiveCorp is moving closer to spinning off several of its units, as the company set a date for its annual meeting at which shareholders will be asked to approve a reverse stock split in connection with the moves. http://www.ibtimes.com/articles/20080710/iac-sets-annual-meeting-gets-closer-to-spinoffs.htm Thu, 10 Jul 2008 11:57:56 EDT Internet conglomerate IAC/InterActiveCorp. spent $156,374 lobbying in the first quarter on copyright and patent reform and other issues, according to a recent disclosure report. http://www.ibtimes.com/articles/20080630/iac-interactivecorp-spent-156-374-lobbying-in-1q.htm Mon, 30 Jun 2008 13:12:33 EDT IAC/InterActiveCorp and Liberty Media Corp. say they resolved a legal skirmish regarding IAC's plans to break into several parts. Liberty is dropping an appeal it filed that allowed it to dispute a March ruling by a Delaware judge who sided with IAC head Barry Diller on the breakup plans. http://www.ibtimes.com/articles/20080513/iac-liberty-resolve-spinoff-legal-skirmish.htm Tue, 13 May 2008 17:09:27 EDT IAC/InterActiveCorp, the Internet conglomerate led by Barry Diller, said Wednesday its first-quarter profit slipped 13 percent marketing and other expenses, but adjusted results met expectations. http://www.ibtimes.com/articles/20080430/iac-1q-profit-drops-on-rising-costs.htm Wed, 30 Apr 2008 09:46:29 EDT Analysts took differing views on IAC/InteractiveCorp.'s planned spinoffs Monday after a judge ruled the in favor of the Internet conglomerate in a dispute with a key shareholder. http://www.ibtimes.com/articles/20080331/ahead-of-the-bell-iac-interactivecorp.htm Mon, 31 Mar 2008 08:39:26 EDT