Delaware Court Decides Tax Case in Favor of IAC/InterActiveCorp

NEW YORK, /PRNewswire-FirstCall/ -- ...Barry Diller, Chairman and CEO of IAC, said, "We have maintained from the outset that we would prevail over Vivendi's empty and cynical attempt to overturn an agreement made in good faith...there is no better response to the skepticism and questioning IAC endured...than the Court's concluding remarks:"The pleadings show a contract that is unambiguous on its face and the product of long negotiation between sophisticated parties supported by some of the world's most well-regarded investment banks and law firms." The disputed tax distributions were "merely what [IAC] contracted for."