Diller: IAC 'extremely lucky' with split timing

By RACHEL METZ , AP Technology Writer, Technology / Business

Barry Diller, chairman and CEO of IAC/Inter Active Corp., and chairman of Expedia, speaks during an interview in New York, Monday Sept. 29, 2008. (AP Photo/Bebeto Matthews)

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(AP) -- Barry Diller is feeling very lucky right now. The consummate deal maker split his Internet conglomerate, IAC/InterActiveCorp, into five publicly traded companies in late August - and not a moment too soon, he told The Associated Press in an interview this week. IAC borrowed $2 billion to finance three of the five companies.

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