Liberty Media tries to remove Diller from IAC Board
IAC stakeholder Liberty Media goes to court to remove Barry Diller and others from IAC board.
Elinor Mills Former Staff Writer
Elinor Mills covers Internet security and privacy. She joined CNET News in 2005 after working as a foreign correspondent for Reuters in Portugal and writing for The Industry Standard, the IDG News Service and the Associated Press.
Liberty Media, which owns a majority voting stake in IAC, has filed a court action to remove Barry Diller and others from the IAC board and replace them with Liberty nominees, according to The Wall Street Journal (subscription required).
The moves come a week after Liberty and IAC sued each other over IAC's plans to spin off a majority of its business units into new companies. Under the restructuring, announced in November, search site Ask.com and its advertising business will remain inside IAC, while LendingTree, Ticketmaster, and others are spun off.