IAC to take $170M in charges for spinoffs

(AP) -- Internet conglomerate IAC/InterActiveCorp, preparing to spin off four of its operating units, said late Tuesday it plans to take about $170 million in charges because the housing crisis has diminished the value of its mortgage and real estate businesses.

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<p><a href="http://www.physorg.com/news136011098.html">IAC to take $170M in charges for spinoffs</a></p> <p>(AP) -- Internet conglomerate IAC/InterActiveCorp, preparing to spin off four of its operating units, said late Tuesday it plans to take about $170 million in charges because the housing crisis has diminished the value of its mortgage and real estate businesses.</p>