• Marketwatch, Wednesday, May 14, 2008 10:45 AM

John Malone's Liberty Media Corp. and IAC/Interactive Corp. said late Tuesday that they have resolved their legal dispute regarding IAC's proposed restructuring, putting an end to a feud between media moguls John Malone and Barry Diller.

Liberty will drop its appeal of a March 28 decision that said it could not proceed with its attempt to prevent the proposed spinoffs of IAC into five separate, publicly traded companies. "This removes a logjam threatening to hold up the spinout," says analyst Jeffrey Lindsay, "It is a great outcome for IAC."

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