IAC and Liberty Media resolve legal dispute
Liberty Media Corporation and IAC announced that they have resolved their legal dispute regarding IAC’s proposed restructuring.
Liberty has agreed to drop its appeal of the decision handed down by the Delaware Chancery Court on March 28, 2008 and will not oppose the proposed single-tier spin-offs of HSN, Interval International, Ticketmaster and Lending Tree, which IAC advanced earlier today by making its initial filings with the SEC.
Further details of the arrangement between IAC and Liberty are set forth in filings the companies make with the Securities and Exchange Commission.
“Now it’s really over and that’s great for both of us,” IAC Chairman and CEO Barry Diller said.
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