Asked about selling search, Barry Diller says yes
IAC's CEO says he's open to the idea of selling Ask.com, which has failed to gain any sort of traction in the search market against powerful competitors.
Ask.com could be on the block, judging by the comments of the CEO of its parent company.
Reuters reported on IAC's third-quarter earnings conference call Tuesday, where CEO Barry Diller all but opened the bidding for the struggling search engine. Despite , Ask.com has failed to make much headway against the great powers of search in Google, Yahoo, and Microsoft.
"We've been asked a lot whether we're open to consolidating transactions in the area of search. The answer is yes," Diller was quoted by Reuters as saying. "And, it is unlikely that we would be the consolidator."
Search consolidation is already in full swing in 2009, with the government reviewingthat would see Microsoft installed as the exclusive provider of search technology on Yahoo's Web sites. could make it more difficult for IAC to sell Ask.com to Google or Microsoft, assuming they would be interested.