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The Latest on Barry Diller and IAC
Sunday, March 16, 2008
Last week there were a number of reports suggesting that ASK is finished as a true search engine. It would be a crying shame if this was the case. In a related story, it has been an interesting week in the media battle between Barry Diller vs. Liberty Media Corp.

According to Reuters,
A court ruling on whether IAC/InterActiveCorp (IACI.O: Quote, Profile, Research) chief Barry Diller breached his proxy agreement with controlling shareholder Liberty Media Corp and can be removed from office is expected in late March, lawyers involved in the case said on Friday.

Delaware Chancery Court Judge Stephen Lamb is expected to issue the ruling by March 28 after the two sides present briefs on the matter on March 21.

In the balance is Diller's job as chairman and chief executive as well as his proposal to spin off four of IAC's largest businesses -- a move originally applauded by the company's outside investors but later opposed by Liberty.

Full story here. It will be interesting to see if this has ant impact on the new turn for ASK.com or if it is truly the end of an era. We'll keep you posted.

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posted by PlanetNim Caretaker @ 8:48 PM  
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