While the board of IAC/InterActiveCorp mulls over the possibility of breaking up the company into five separate pieces, CEO Barry Diller has apparently been in discussions with Liberty Media Corp. over a possible asset swap. Liberty apparently wants to acquire IAC's Home Shopping Network and combine it with QVC, the
New York Post reports. Previously, Liberty, a shareholder in IAC, had attempted to block the breakup,
taking its case to Delaware court, which
ultimately ruled in favor of IAC. -
Maria Woehr
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