Barry Diller Snubbed By Bono

04/08/2008 05:12 am ET | Updated May 25, 2011

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."

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