Liberty Media CEO: IAC Is A Big Pile Of Cash, And That's It

cash dollars money

Greg Maffei, the President and CEO of Liberty Media on Barry Diller’s Interactive Corp. (IACI):

“The company is largely a pile of cash today. Some of its businesses are performing OK, but many are under-performing. It’s just a big pile of cash right now and that’s it.”

Via David Kaplan at Paid Content.

See Also: Why IAC’s Fancy Headquarters Was A Bad Omen

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