IAC, Liberty In Pre-Trial Truce (IACI)

IAC’s Barry Diller and Liberty Media’s John Malone have called a truce — or at least their lawyers have — ahead of a trial next month for IAC’s proposed break-up.

Reuters gets ahold of court documents filed today: The sides have agreed to keep IAC’s current board in place, but IAC “must notify Liberty five business days in advance of any non-routine actions it takes for the company.” Liberty wants to oust seven IAC (IACI) board members, including chairman/CEO Diller. Reuters.

See Also: Will Home Shopping Solve The IAC/Liberty Fight?

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