InterActive Corp (IAC) – Some thoughts and SOTP valuaTion
InterActice Corp (IAC) is a company I had on my list for a long time but for whatever reason I never managed to look at them in more detail. Over the past few weeks I read in several quarterly reports of good funds that they had invested, so I decided to look at least a little bit deeper this time.
Founder/ Chairman Barry Diller
InterActive is the creation of Barry Diller, who is now 78 Years old. He had a very interesting career. As a media executive, among other things, he created Fox Network, and mentored media executives such as Michael Eisner (ex CEO of Disney).
He took control of IAC in 1995 and finally bought out “Cable Cowboy” John Malone in 2010. The relationship with Malone was long but not always without issues.
value and opportunity 