Liberty Media (LINTA) and IAC/InterActive (IACI) Resolve Legal Dispute

May 13, 2008 4:53 PM EDT

Liberty Media (Nasdaq: LINTA) and IAC/InterActive (Nasdaq: IACI) today announced that they have resolved their legal dispute regarding IAC's proposed restructuring.

Liberty has agreed to drop its appeal of the decision handed down by the Delaware Chancery Court on March 28, 2008 and will not oppose the proposed single-tier spin-offs of HSN, Interval International, Ticketmaster and Lending Tree, which IAC advanced earlier today by making its initial filings with the SEC.


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