$0.18 (0.75%)
05:44PM (15 mins delay)
Oct 28, 2009 - 10:01 AM EDT
Tech Confidential submits:
IAC/InteractiveCorp (NASDAQ:IACI) CEO Barry Diller is bullish on content production for the growing Internet and traditional broadcast television models. The brash executive is so excited about the area that he sees his firm getting more for less, saying he's willing to spend less than 10% of his company's $1.8 billion in cash reserves on deals for content production companies.
Diller's ambition to make small deals in content production companies was overshadowed Tuesday by his other announcement that he was willing to part ways with struggling search engine Ask.com.
Source: Seeking Alpha (Oct 28, 2009 - 10:01 AM EDT)
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