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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.




Content from The Associated Press expires 15 days after original publication date. For more information about The Associated Press, please visit www.ap.org .




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