Liberty Media Expands IAC Stake

ENGLEWOOD, January 14: Liberty Media Corporation has
purchased an additional 14 million shares in Barry Diller’s InterActiveCorp
(IAC) for $339.5 million.

In a statement, Liberty Media says it “took advantage of
recent weakness in IAC’s shares to increase its holding at an attractive
price.”

Liberty now owns about 30 percent of IAC’s shares, up from a
reported 24.1 percent last year.

—By
Mansha Daswani