Diller, Malone Settle Differences

Liberty Media and IAC InteractiveCorp have buried the hatchet, with Liberty agreeing to drop its appeal of a Delaware Chancery Court decision and agreeing to support the split of IAC into five separate companies. Both companies agreed on a number of arrangements regarding the governance of the spun off companies, including Liberty's right to board representation on each company and a standstill agreement that limits Liberty's ability to increase its ownership stakes and to take a variety of other actions with respect to the spun off companies.
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