MattCreamer.com

Barry Diller quoted in the Wall Street Journal on why he decided to break up IAC–whose holdings range from the search engine Ask.com, to Lending Tree, to the Home Shopping Network–into five publicly-traded companies:

Mr. Diller said that “while we’ve created a lot of value, I’ve always believed our complexity and many mouthfuls of sentences to explain who we are and what our strategy is have hampered clarity and understanding with all our constituencies, particularly investors.”