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Diller's Actions Keep Company in Turnaround

Wall Street is getting a version of Hokey Pokey Elmo, a chief executive who takes his subsidiaries in, then spins them back out. Barry Diller, the chairman and chief executive of IAC/InterActiveCorp, said yesterday that his Internet conglomerate would spin off its travel unit to shareholders, slightly more than a year after completing the purchase of Expedia and several other online companies that it had partly owned.

Read the whole story at The New York Times, December 22, 2004 »

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