IAC/InterActiveCorp. Chief Executive Barry Diller said Tuesday he would not rule out taking the Internet conglomerate private, but has no immediate plans to do so. “If, in fact, there were an opportunity to do so that was overwhelmingly compelling, we would do it,” Diller said at the Goldman Sachs media and technology conference in New York. “There is some compulsion but it is nowhere near overwhelming,” said Diller, whose company’s holdings include travel site Expedia.com, mortgage broker LendingTree and dating service Match.com. Shares of IAC fell 95 cents, or 4.3 percent, to $21.21 in morning trade on Nasdaq. The shares had risen last month on speculation that Diller would take the company private for $29 a share. The shares are down 21.5 percent from early August when the company cut its 2004 earnings forecast due to stiffer competition in the travel market.
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From 2002-2019, David Evans helped entrepreneurs, investors, and the media, make sense of the online dating industry.
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