BUSINESS
06/05/2008 05:12 am ET Updated May 25, 2011

Is Barry Diller Taking Expedia Private?

Barry Diller often goes against the grain, building up an internet conglomerate at a time when conglomerates are unpopular and then deciding to dismantle what he had built. (That company, IAC/InterActive, is in the process of breaking itself into five pieces.)

So that may make it easier to believe the market rumors that Diller may be planning to take his other venture, travel-services company Expedia, private.

Diller, however, has dismissed the rumors, telling a Reuters reporter: "I am so suspect of current markets and the hedge funds and momentum selling/buying. I think there is a plot behind everything."

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