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Web Media Wire Daily
Untitled Document

John Malone takes bigger chunk of Barry Diller's world

Published: Saturday, January 12, 2008

-BY SDH

One of the most powerful men in media, John Malone is hardly written about and gawked at by mainstream media, but we doubt he gives a shit. He is arguably the most powerful known unknown in the biz and has the power to make even the biggest of them run for cover like the time he had Rupert Murdoch shaking in his pants. Now Malone's Liberty Media holding company has swallowed 14 million shares of the Barry Diller ruled IAC/Interactive Corp for $339.5 Million upping Liberty's stake to about 30%. Could Malone have taken a bigger chunk if he wanted, or does Diller have some Rupert Murdoch like, poison pill in place to block such a move?

Stake Is Bought in IAC/InterActiveCorp [NYT]

Labels: ACQUISITIONS, BarryDiller, IAC, JOHN_MALONE, LIBERTYMEDIA

Comments on "John Malone takes bigger chunk of Barry Diller's world"

 

Anonymous Anonymous said ... (10:32 PM) : 

Malone is the media industry's best kept secret that isn't really a secret. He is the media industry's sleeping giant. If he wants to shake things up, he can.

 

Anonymous Anonymous said ... (10:24 AM) : 

He is a jerk!

 

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