102 BARRY Diller IAC
to Provide Expedia With $250 Million
billionaire Barry Diller's Internet
company, will give $250 million in cash to its Expedia unit
to provide it with capital when it is spun off as a public
Barry Diller's Internet company, will give $250 million in
cash to its Expedia unit to provide it with capital when it
is spun off as a public company.
Expedia, which will consist of travel
businesses Hotels.com, Hotwire, Expedia.com and other
websites, will have a revolving credit line of $500 million
at the time of the spinoff, New York-based IAC said in a
filing Monday with the Securities and Exchange
Diller on Dec. 21 said he would split
IAC into two companies by giving shareholders Expedia stock
and leaving Ticketmaster, Home Shopping Network and other
companies under IAC. The company has said Expedia will have
adequate funding but IAC will retain most of its cash.
IAC shares rose 40 cents to $21.29 on
News 142005 / Buy Out and Merger Boom LookRadio
We Preserve The
tviNews.net, YES90, Your Easy Searh, Associated Press,
Reuters, BBC, LA Times, NY Times, VRA's D-Diaries, Industry
Press Releases, They Said It and SmartSearch were used in
compiling and ascertaining this Yes90 news report.
©1956-2005. Copyright. All rights
reserved by: TVI Publications, VRA TelePlay Pictures, xingtv
and Big Six Media Entertainments. Tel/Fax: 323 462.1099.
We Preserve The
BARRY Diller IAC to Provide Expedia With $250
Television International Magazine's Person Of The
- / PAUL ALLEN / Front Cover Vol
Cover Photo: Feature
Convergence - 14th Week of 142005
Smart90, s90tv, lookradio, tvimagazine, dv90,
vratv, xingtv, Ddiaries, nbs100, Look Radio, Josie
With No Borders
Do We Do Business?