NY TIMES -- Dec 21 -- InterActiveCorp, the Internet travel, retailing and ticketing company controlled by entertainment mogul Barry Diller, announced Tuesday that it will separate into two publicly traded companies. The company's shares surged on the news. Expedia will include Expedia.com, Hotels.com, Hotwire and other travel sites. IAC will include Ticketmaster, Home Shopping Network, LendingTree, Citysearch, Evite and Match.com. The proposed deal is expected to be completed in the second quarter of 2005.
Mark Brooks: IAC continues its business streamlining!