Industry News

InterActiveCorp to split into two companies

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Barry Diller's InterActiveCorp today announced plans to separate into two publicly traded companies. The planned companies will be IAC and Expedia. InterActiveCorp's holdings include home shopping, ticket, travel, lodging, dating, and mortgage and real estate-related businesses. The company's overall revenue was $1.5 billion in the third quarter, and overall net income was $89 million. IAC will include the domestic and international operations associated with InterActiveCorp's ticketing business, including Ticketmaster, ReserveAmerica, TicketWeb and MuseumTix.com; electronic retailing business, including HSN, HSN.com, HSE 24, America's Store, Improvements and 9Live; financial services and real estate, including LendingTree, RealEstate.com, GetSmart, iNest and Domania; local and media services, including Citysearch, ServiceMagic, Entertainment Publications and Evite; personals, including Match.com and uDate; Teleservices, including Precision Response Corp., Access Direct, and Hancock...