Liberty Media Corporation Bought 14 Million Shares In IAC
Stake Is Bought in IAC/InterActiveCorp from the New York Times reports Liberty Media Corporation purchased an additional 14 million shares in IAC/Interactive Corp, the parent company of Ask.com. The 14 million shares came out to about $339.5 million, but have given Liberty Media Corporation about a 30 percent stake in IAC. Liberty Media Corporation purchased […]
Barry Schwartz on January 14, 2008 at 9:21 am | Reading time: 1 minute
Stake Is Bought in IAC/InterActiveCorp from the New York Times reports Liberty Media Corporation purchased an additional 14 million shares in IAC/Interactive Corp, the parent company of Ask.com. The 14 million shares came out to about $339.5 million, but have given Liberty Media Corporation about a 30 percent stake in IAC.
Liberty Media Corporation purchased the shares to take advantage of the “recent decline in the stock price of IAC,” said the New York Times.
In somewhat related news, What Advice Would Dr. Phil Have for Ask.Com? from the NY Times blog looks at recent management changes at Ask.com and whether we’ll see a new marketing push to build traffic to the site.
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Barry Schwartz is a technologist and a Contributing Editor to Search Engine Land and a member of the programming team for SMX events. He owns RustyBrick, a NY based web consulting firm. He also runs Search Engine Roundtable, a popular search blog on very advanced SEM topics.
In 2019, Barry was awarded the Outstanding Community Services Award from Search Engine Land, in 2018 he was awarded the US Search Awards the "US Search Personality Of The Year," you can learn more over here and in 2023 he was listed as a top 50 most influential PPCer by Marketing O'Clock.
Barry can be followed on X here and you can learn more about Barry Schwartz over here or on his personal site.
In 2019, Barry was awarded the Outstanding Community Services Award from Search Engine Land, in 2018 he was awarded the US Search Awards the "US Search Personality Of The Year," you can learn more over here and in 2023 he was listed as a top 50 most influential PPCer by Marketing O'Clock.
Barry can be followed on X here and you can learn more about Barry Schwartz over here or on his personal site.