Some comments made by IAC’s Diller at the Q3 conference call sounded to listeners as though he would be open to a sale of the Ask.com holdings. According to Reuters: “We’ve been asked a lot whether we’re open to consolidating transactions in the area of search. The answer is yes,” Diller said. “And, it is [...]
Diller Indicates Ask Not For Sale After All
December 18th, 2009IAC Goes Vertical
February 6th, 2009Ask.com parent IAC is going vertical. This is in answer to a 2 million net loss for 2008($1.08 loss per share). For Q4 2008, IAC reported $227.4 million in net income, or $1.57 per share. They also had several write-downs for underperforming assets, but not even counting these, their adjusted net income came in at [...]
Ask.com, Other IAC Branches Going Solo…
August 12th, 2008IAC is splitting off its various business arms to form five distinct companies. Ask.com, HSN, Inc, Ticketmaster, LendingTree.com, Inc and Interval Leisure Group, Inc will become independent of each other as of August 21, and ‘when issued’ trading began today. IAC posted a 7% growth for the second quarter of 2008, beating expectations (unlike other, [...]