Frustrating Times for IAC

The Internet conglomerate has been stung by big writedowns and its legal tussle with John Malone. But key businesses are showing growth

Investor frustration with Barry Diller’s IAC/InterActive (”IACI”) appears to be growing. In the face of multimillion-dollar write-offs and declining profits, not to mention lawsuits that may delay the Internet conglomerate’s proposed break-up, investors sent shares of the company tumbling 7% on Feb. 6.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.