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?

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

barry diller iac sai-us