Big move for Liberty Media, IAC and the latter's Barry Diller today. The former has exchanged its entire equity stake in the Internet holding company for a combination of assets and cash in a transaction intended to be tax-free to both companies. Liberty has exchanged approximately 12.8 million shares of IAC stock for all of the capital stock of a wholly-owned subsidiary of IAC that holds the Evite and Gifts.com businesses, and approximately $220 million in cash. Barry Diller is also stepping down as IAC's CEO, and will be replaced by Greg Blatt, formerly chief executive of IAC portfolio company Match.com.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/-L1VxbEj2eo/
Arian Semiconductor Equipment Red Line Oil Dodge Steve Wallace 5 Hour Energy Toyota Tony Raines Long John Silver S Chevrolet
No comments:
Post a Comment