IAC/InterActive to Spin Off Expedia
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IAC/InterActive Corp. IACI.O plans  to split itself in two by spinning off travel site Expedia.com  and related businesses, saying the perception that its  operations are exclusively travel-related is hindering growth.
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By San Jose Mercury News, Calif.  Jun. 3--A WEB OF WEB PROPERTIES   IAC owns and operates 65 brands, and counting. They include:   Ask.com| A search engine acquired by IAC in July 2005. Competes with Google, Yahoo and MSN.
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Shares of Expedia Inc. plunged Monday after the online travel agency said it would curtail stock-buyback plans because of a lack of financing on acceptable terms.
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New software helps corporate travel managers track down business travelers who overspend. But it also poses a dilemma for honest travelers who are only trying to save money.
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Shares of IAC/InterActive Corp.  IACI.O rose 6.6 percent before the bell on Tuesday after the  company said it plans to split itself in two by spinning off  online travel service Expedia.com and related businesses into a  company to be called Expedia.
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Standard &amp; Poor&#39;s on Tuesday changed its outlook on IAC/InterActiveCorp.(IACI.O: Quote, Profile, Research) to stable from positive, citing IAC&#39;s plans to spin off its online travel service Expedia.
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By nabbing Orbitz in a pricey deal, Henry Silverman&#39;s outfit will now go head-to-head against InterActiveCorp in online travel.
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Can Independence Air take off again?
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IAC/InterActiveCorp. IACI.O, saying  its growth is being hindered by the perception that it is  strictly a travel company, on Tuesday said it plans to split  itself in two by spinning off online travel service Expedia.com  and related businesses into a company to be called Expedia.
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(InfoWorld) - Almost three months afterÂ a major overhaul of Ask.com's local search engine, IAC/InterActiveCorp is again moving to improve its offerings in this popular search segment by acquiring Insider Pages, a city guide with hundreds of thousands of user reviews of local businesses. Insider Pages, founded in 2004 and with more than 600,000 merchant reviews and 2 million monthly unique users, will become part of Citysearch, a similar city guide that, like Ask.com, is owned by IAC. Between the two, Citysearch and Insider Pages have more than 1 million reviews as well as listings of local businesses in more than 500 categories and in every U.S. Zip Code, IAC announced Thursday. For now, Insider Pages will continue operating its own site, and Citysearch will incorporate Insider Pages material that it considers complementary to its guide, a Citysearch official said. A similar evaluation process regarding Insider Pages material will take place for Ask.com's AskCity local search engine. In other words, neither Citysearch, which has about 13 million unique users per month, nor AskCity will automatically ingest all of Insider Pages' content, said Dinesh Moorjani, Citysearch's vice president of strategy and corporate development. After its overhaul in December, AskCity gained access to material from a variety of IAC-owned properties, including Citysearch. Local search has become a highly popular search segment for both advertisers and end-users. Typically, local search engines contain maps, offer driving directions, provide business listings and reviews, give traffic information, and display information about events. Advertising revenue in local search is expected to grow from $3.4 billion in 2005 to $13 billion in 2010, according to The Kelsey Group. In July of last year, 63 percent of U.S. Internet users, or about 109 million people at the time, conducted a local search, up 45 percent compared with July 2005, according to comScore Networks. Google led with 29.8 percent of queries, closely followed by Yahoo with 29.2 percent. Ask.com ranked in seventh place with 2.7 percent of queries. IAC didn't disclose the financial details of the Insider Pages acquisition, which has already closed. Â
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Two years ago,I publicly floated the concept that IT should start thinking more like entrepreneurs. What a disaster! I was speaking at a meeting of CTOs, and I mentioned that Iâd heard of a few IT departments that were focusing, at least in part, on creating saleable new products and services for their companies. I asked the group what they thought of the idea.
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LONDON (CBS.MW) - IAC/Interactive on Tuesday said it&#39;s planning to break up into two publicly-traded companies, splitting off its Internet travel-related businesses into Expedia.
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easyJet founder turns to 'easyJet for iPod generation' service
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Barry Diller&#39;s InterActiveCorp today announced plans to separate into two publicly traded companies. The planned companies will be IAC and Expedia.
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Business & money: Over-50s travel and insurance group to merge with AA after ditching stock market flotation.
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In 2001, Tom Hall, a software project manager laid off during the dot-com implosion, embarked on a round-the-world trip across three continents. He couldn't carry all the travel guidebooks he needed and ended up scouring Kathmandu for a guide to his next destination, Tanzania.
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Barry Diller and IAC are going to launch something called &#8220;AskCity&#8221; next week, which will be a consolidated local offering under the Ask brand: The new Web-based city guides, due out on December 4, will be followed later in December by a redesign of IAC&#8217;s Ask.com search service, a small but fast-growing rival to Google Inc. [...]