Liberty Media - and/or its chairman, John Malone - may not have a lot of faith left in Ask.com and other IAC properties. It seems that Liberty Media has selling the company's stock left and right, unloading 193,100 shares in the last week alone.
When John Malone came calling about possible asset swaps between Liberty Media and IAC, Barry Diller turned them down for not providing good value to IAC investors.
IAC's Barry Diller and Liberty Media's John Malone agreed upon a spinoff plan for IAC businesses, but a little something in the fine print turned the plan into a court fight.
Ask.com parent company IAC faces a shakeup in the boardroom if Liberty Media's John Malone succeeds in shoving Barry Diller out of the IAC chairman position.
There's no telling how long this deal was in the works, but its announcement certainly seems to have been well-timed; just as "American Gladiators" returned to television, Liberty Media took control of Bodybuilding.com.
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