Barry Diller Snubbed By Bono

Silicon Alley Insider:

Now that Barry Diller has won his court case against John Malone, he's free to break up IAC (IACI) into 5 pieces. The problem: Convincing investors that those pieces are worth more than the sum of their parts.

Barry has been trying to get private equity guys to buy stakes in some of his units, which would theoretically "boost investor confidence," reports WSJ's Jessica Vascellaro, who owns the IAC beat so thoroughly that her work became part of last week's trial. Jessica says Barry had been talking to Bono and Elevation Partners about buying a piece of Ticketmaster, but "talks have cooled", though they "aren't entirely off the table."

Read the whole story: Silicon Alley Insider

Comments

[MelindaPost]

Two with mega money, that's all, including Bono's 'off-shore' tax sheltering.

[BigSid]

MEMO TO: BARRY DILLER

Bono is not into buying things, he's into being given things. No way Bono is going to part with his own money. What was the deal with "Project RED"? Didn't they spend $150million to donate $5million to charity?

[jukesgrrl]

Was Bono looking into Ticketmaster as another way to help the poor? God knows I become a lot more poor every time I pay one of their so-called "service" charges.