Malone Sues Diller To Stop IAC Break-Up (IACI)

Michael Learmonth | January 24, 2008 7:13 PM

John Malone's Liberty Media sued IAC and chairman Barry Diller (SA 100 #2) to block the planned break-up of the company into five separately-traded public entities. The WSJ says Diller's plan proposes ditching IAC's dual-class share structure for the four new companies, effectively reducing Liberty's voting stake in them from 61.7% to 29.9%.

Liberty holds a 30% stake in IAC but has nearly 62% voting power through super-voting shares. Diller holds a proxy to vote those shares for IAC as long as he remains CEO. Malone wants the same structure over the spun-out companies, and could challenge Diller's right to vote those shares.

Lehman Brothers' Doug Anmuth (via PaidContent) says he believes Malone "will vigorously oppose Mr. Diller's claim that he can vote Liberty's shares, against Liberty's wishes, to approve a one-vote structure for IAC's post-spin entities."

Subscribe to SAI: RSS, email newsletter (no spam)

More:

Share:
Post to Del.icio.us


< Prev. Story
Next Story >

24 Comments

aaabs said:
Hey Bjorn. Think we can help you out on item #2, but may take a bit. Still working out kinks in the new platform. Appreciate your patience. nike hyperdunk pk
aqba said:
The Lord Of The Rings Online (US)
seg said:
NIKE AIR ... Shoes Big size shoes speacial items Sandals Wholesale air jordannike wholesale
wholesale nike shoes
Wholesale Nike Shoeswholesale nike jordan
wholesale shoes
Wholesale jordan shoesnike air jordan shoesbeach shoes ADIDAS Nike Rift ...
j-breeze (URL) said:
good!
Rolex Day Date watches (URL) said:
Rolex Day Date watches and Rolex Day Date replica watches made with swiss movement ! so cheap and high quality ! accept paypal ,and 14 days money back without reason !
John said:
Thank you very much for this information.
Good post thanks for sharing.
I like this site ;)
-----------
penis büyütücü
ser said:
RIM's advance is good news for RIM, but Apple's decline doesn't matter at all to Apple.
e-okul

Why not? Because it'

oyuns about to release a new, better version of the iPhone in a few weeks -- which means a lot of people probably held off on iPhone purchases in Q1. We've been waiting since last summer for the 3G iPhone, and have heard from many ot
aşkı memnu
karamelhers like us, too. çok güzel hareketler bunlar
What really matters to Apple is how many iPhones they sell in Q3 and Q4aşk yakar
-- not their decline in Q1.



rose online zulie (URL) said:
I am very happy and I point it. He said that for a while you do not have to bow and the gun! Said that for a while you have a gun also why bow! I said, I'll give you your money. He said he has some money of more than 100 gold. So he always gives me a lot of rose online zulie, he tells me that if you have more gold you will be powerful.
rose online zuly (URL) said:
After starting to walk to the back door. After not elaborate on this, I kill the monsters first and then kill the other monsters, in this former fortunately, the play equipment is your vote on, I used out of nothing, when I came to the adventures of it. I often gain rose online zuly to kill more monsters. I want to become strong.
Cheap metin2 yang (URL) said:
Some of my friends hear. They take the initiative to tell me where can buy Cheap metin2 yang .
ghost gold (URL) said:
One day I found my ghost gold was stolen. I save my money to buy them and I have agreed my friend that I would give some to her.
UserName said:
digital signage advertising display
fads said:
Big thanks for great site. I like spectrum. I have programmed for spectrum for myself. Dvd Box Wholesale Tin Containers Cd Box Supplier Pet Carrier Leather handbags Leather Handbag Flash Drive| Flash Card| Memory Module| Memory Card|USB Drive| SUB Contracting
Buy metin2 gold (URL) said:
We have a lot of things and not to touch; fear will become an open injury. However, we know the injuries that have been in pain. This only seems to have become agreement, only one person alone bears. I face the window and play the game and miss you, I Buy metin2 gold to give other players who I know. I want to give you but you have not been in the game. I love the metin2; it is my most love now. And no one can replace it.
Perfect World Gold (URL) said:
They allowed us to express our individual identities and also allowed us to satisfy our desires to present the best looking part of ourselves with Perfect World Gold.
Henry Blodget said:
According to the WSJ, Malone is suing Diller. I suspect they're both suing each other...
Bjorn%20Tipling said:
The paid content article says Diller is suing Malone. Which is correct?
Alex said:
simple case of "mine is bigger than yours".

I think Neil Diamond's lyrics say it best: "love on the rocks...."

Join the discussion



Copyright © 2008 Silicon Alley Media, Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy.