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July 26, 2005
Barry Diller re-writes the script for Internet dominance
Business Week takes a potshot at Barry Diller, CEO of IAC/InterActiveCorp, saying that his earlier plans to become "the Internet's first swaggering Hollywood-style mogul" have fallen flat: "Like many Hollywood extravaganzas... Diller's production in the last two years has strayed from its script."
The upshot: while other glamour Internet stocks like Yahoo and Google sizzled, Diller's IAC was a flameout. Now, it's time for Plan B, says Business Week, as Diller bundles together his online travel businesses (Hotels.com, Expedia.com, Hotwire, TripAdvisor.com) into a separately traded company (Expedia Inc.). IAC will remain, holding a "grab bag of companies" like Ticketmaster, LendingTree and Ask Jeeves.
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