IAC/InterActiveCorp to split into two firms

IAC/InterActiveCorp, the Internet travel, retailing and ticketing company controlled by entertainment mogul Barry Diller, announced Tuesday that it will separate into two publicly traded companies.

Expedia will include the domestic and international operations of Expedia.com, Hotels.com, Hotwire and the group's other travel sites.

IAC will include the operations associated with IAC's ticketing business, including Ticketmaster, electronic retailing business such as the Home Shopping Network, and financial services and real estate, including LendingTree. It also will include services like Citysearch, Evite and Match.com.

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The company's board of directors approved the plan, IAC/InterActiveCorp said.

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FOR SUBSCRIBERSOpenAI CEO Sam Altman to skip congressional hearing on rogue AI agents

FOR SUBSCRIBERSKey DOJ lawyers departed Trump ‘grand conspiracy’ probe amid pressure to produce, source says

FOR SUBSCRIBERSTrump’s new AI chatbot often links to a site launched under Clinton 26 years ago

FOR SUBSCRIBERSAt MAHA summit, industry CEOs the movement once vilified take the stage

FOR SUBSCRIBERSThis Paralympian has two goals: Win medals and give away $500,000 to her teammates

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FOR SUBSCRIBERSDecades-old march dispute reignites in Northern Ireland, threatening political crisis

Diller will remain as chairman and CEO of IAC. He will also serve as chairman of Expedia and its senior executive. Dara Khosrowshahi, whom the company previously said would become president and CEO of IAC Travel, will serve as CEO of Expedia.

The company said it expects that IAC stockholder approval will be required. The proposed deal is expected to be completed in the second quarter of 2005.