« SCi Entertainment Says Acquisition Talks Over - No Deal Made | Main | What IncrediMail's Ban from Google Teaches Us »

Jan11
Liberty Media Takes Larger Stake in IAC

Liberty Media Corp. (LINTA) has bought another $340 million in shares from Barry Diller's IAC/InterActiveCorp (IACI), to bring its stake in the company to 30 percent, up from the former 25 percent position they held.

According to Liberty, they purchased the 14 million shares at $24.25 a share because the price was attractive at that level.

This is all probably a step toward some other deal or deals between the two companies, as Liberty has been interested in the home-shopping network in the past, which will be part of the spin-off IAC will be putting into action this summer. Other companies being spun off will be Interval, Ticketmaster and LendingTree.

There is speculation that one or more of those companies may be acquired before even being spun off, with Liberty being one of the potential suitors.

Liberty%20Media%20buys%20another%2014%20million%20shares%20of%20IACI.jpg

In another aspect of the purchase, Liberty said they won't purchase any more shares of IAC (standstill agreement) until either after the changes are made in the company or April 15, 2009.

IAC also bought back 6 million shares at the same price Liberty paid for them. Diller retains the voting rights to the Liberty shares.


0 Comments/Trackbacks




submit a trackback

TrackBack URL for this entry:

post a comment

Name, Email Address, and URL are not required fields.





Comment Preview

« SCi Entertainment Says Acquisition Talks Over - No Deal Made | Main | What IncrediMail's Ban from Google Teaches Us »

Advertise

sponsored ads



subscribe


Prefer Email?
Subscribe below-

Enter your Email:


Powered by FeedBlitz What's this?

Current News

Support This Blog

My site was nominated for Best Marketing Blog!

business social media

Use these fast growing business social media sites to promote your business, feature your products, spotlight your business leaders, create links, and drive traffic back to your company site, all for free!

BIZZlogos - Add your logo - free link to your site
BIZZphotos - Add photos of your products and people
BIZZprofiles - Submit your profile and build your online visibility
BIZZspotlight - Spotlight your business with free links
BIZZvideos - Videos about businesses, products and business people.
BIZZbites - "Digg" for Business - Submit your articles and posts

know more media network

View Network Map

Network Feed List (OPML)

Know More Media Network
Feed


we support unitus

PRWeb

Influencer



TheAlphaMarketer is a member of the Know More Media network of business related blogs.

Here are some current headlines from some of our business publications:

ProductivityGoal

CallCenterScript

AdHurl

TheBizofKnowledge

LandingTheDeal

CustomersAreAlways

HealthCareVox

BrainBasedBusiness

TheInsurancePolicy

MarketingBlurb