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'We're Not Empire Builders': IAC, Match Group Will Fully Separate
Thursday, December 19, 2019 - 8:35am | 297Read More...IAC/InterActiveCorp (NASDAQ: IAC) and Match Group (NASDAQ: MTCH) announced on Thursday an agreement to separate their businesses. The board of directors of IAC and Match Group have both agreed on the separation and the transaction is expected to close in the second-quarter of 2020. IAC and...
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Expedia CEO, CFO Resign; Chairman Barry Diller, Vice Chair Kern To Takeover
Wednesday, December 4, 2019 - 10:35am | 234Read More...Expedia Group Inc (NASDAQ: EXPE) shares are trading higher on Wednesday after the company announced management changes and initiated a 20 million share buyback program. Expedia CEO Mark Okerstrom and CFO Alan Pickerill have resigned. Chairman Barry Diller and vice chairman Peter Kern are to oversee...
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What's Ahead For Expedia As CEO Exits For Uber CEO Post
Monday, August 28, 2017 - 11:01am | 415Read More...Dara Khosrowshahi, Expedia Inc (NASDAQ: EXPE)'s veteran CEO, reportedly accepted the vacant CEO position at Uber and will be leaving the online travel agency. Shares of Expedia fell more than 4 percent following the reports, which implies Expedia's investors view Khosrowshahi's...
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Report: InterActiveCorp Expected To Present Another Bid For Angie's List
Wednesday, February 3, 2016 - 11:31am | 217Read More...According to the New York Post, IAC/InterActive Corp (NASDAQ: IAC) still has its sights set on acquiring Angie's List Inc (NASDAQ: ANGI) after a failed attempt last year. IAC/InterActive offered to acquire Angie's List for $8.75 per share in cash or through a stock-for-stock exchange....
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IAC To Spin Off Match.com, Stock Nears All-Time High
Thursday, June 25, 2015 - 8:35am | 266Read More...IAC/InterActiveCorp (NASDAQ: IACI) will spin off its Match Group, which includes dating sites Match.com, OurTime, OKCupid and Tinder, as well as educational sites like The Princeton Review. The stock is set to open at an all-time high after gaining more than 7 percent in pre-market trading on...
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Barry Diller: Amazon Doesn't Care How Many Viewers It Gets
Thursday, January 15, 2015 - 11:43am | 386Read More...Amazon.com, Inc. (NASDAQ: AMZN) is trying to change the media business in its own ways. For traditional media outlets, signing up Woody Allen for producing a TV show would be a bait for getting more advertisers. According to IAC Chairman Barry Diller, however, for Amazon this deal is not about...
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2 Reasons Why Aereo's Downfall Is Bad For Netflix
Wednesday, June 25, 2014 - 3:48pm | 629Read More...Netflix (NASDAQ: NFLX) may not be directly affected by Wednesday's Supreme Court ruling, but the streaming video giant could still be hurt by the fall of Aereo. The Supreme Court ruled that Aereo (which allows consumers to stream live TV for a fee) violated the Copyright Act of 1976. Unlike...
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Expedia Plummets on Lower Q2 Profit (EXPE)
Thursday, July 25, 2013 - 5:39pm | 265Read More...Shares of online travel website Expedia (NASDAQ: EXPE) were crushed in late trading on Thursday after the company released its fiscal second-quarter earnings results. The company missed Wall Street earnings per share estimates by a wide margin and also reported revenues that failed to meet...
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CBS Won't Buy Hulu, Might Terminate Free TV
Wednesday, May 1, 2013 - 12:56pm | 625Read More...New York residents might soon have to pay for their favorite CBS (NYSE: CBS) TV shows. According to Bloomberg, CBS Chief Executive Les Moonves said that the network will switch to cable if Aereo wins the right to re-transmit shows without permission. Moonves did not stop there. He also told...
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Netflix's Worst Nightmare is Invading 22 More Cities
Tuesday, April 23, 2013 - 3:01pm | 499Read More...Netflix (NASDAQ: NFLX) may be the current streaming video champion with more than 30 million subscribers worldwide, but a new streaming TV service hopes to change that. Aereo, which brings live TV to the Internet, is in the process of expanding to 22 additional cities, including Atlanta, GA;...
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Twitter Shares Fall In Auction
Wednesday, March 30, 2011 - 2:31pm | 202Read More...According to a tweet from Paul Kedrosky, shares of Twitter fell to $32 from $34.50 in a share sale on a private exchange. Kedrosky is the author of the famous blog, "Infectious Greed", and is a contributor to Bloomberg as well. Earlier in the week, Warren Buffett said that most social media...
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Big Buy Of Coke From Barry Diller (KO)
Tuesday, November 16, 2010 - 5:31pm | 145Read More...Barry Diller just made a large purchase of Coca-Cola (NYSE: KO) and perhaps it's time to consider Coke as an investment. Diller bought 270,000 shares on 11/11, at a price of $62.59. Shares closed today at $62.08. If you can purchase the world's preeminent brand at a price lower than one of its...
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Beauty And The Beast: Newsweek And The Daily Beast Join Forces
Friday, November 12, 2010 - 9:38am | 218Read More...Tina Brown, The Daily Beast founder and editor-in-chief, has announced that her wildly successful publication is joining forces with Newsweek to form a brand-new venture: The Newsweek Daily Beast Company. To be owned equally by Barry Diller's IAC and Sidney Harman, the owner – and, according to...
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James Altucher Bullish On ValueVision Media (VVTV)
Tuesday, June 22, 2010 - 12:57pm | 346Read More...James Altucher is out with an interesting media play this afternoon. In the Wall Street Journal’s Financial Advisor Blog, he recommended shares of ValueVision Media (NASDAQ: VVTV) as a way to play the “new-school” of media. According to the Mr. Altucher, ValueVision Media operates direct marketing...
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IACI Is Open To Selling Ask.Com, Ny Post Reports
Wednesday, October 28, 2009 - 8:24am | 158Read More...IAC/InterActiveCorp (NASDAQ: IACI) is ready to sell Ask.com, CEO Barry Diller said, according to a New York Post report. Investors have long been concerned by the stagnant market share (just over 2%) of Ask.com in a space where Google (NASDAQ: GOOG), Yahoo (NASDAQ: YHOO) and Microsoft's Bing (...
