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.

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.

Featured Video
6
This content is rated TV-MA, and is for viewers 18 years or older. Are you of age?
Sorry, you are not old enough to view this content.

Jaguar F-type S Coupe is beautiful and impractical

With stunning lines and sharp handling, the F-type S Coupe is an excellent sports car, and as impractical as a true sports car should be.

by Wayne Cunningham