IAC’s Diller Steps Down As CEO

Barry Diller

Barry Diller is stepping down as CEO of InterActiveCorp. The announcement comes just after IAC bought out Liberty Media Corp.’s large stake in the company. IAC paid Liberty $220 in cash plus the Evite and Gifts.com businesses. It’s no secret that Diller and Liberty Media’s John Malone have not seen eye to eye for some time. Diller will remain as chairman and senior executive at IAC. Read the full story at reuters.com

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