Diller says would be interested in control of IAC

WILMINGTON, Delaware Thu Mar 13, 2008 4:38pm EDT

Barry Diller, chairman and chief executive officer of IAC, enters the courthouse to testify at the Chancery court in Wilmington, Delaware March 13, 2008. REUTERS/Tim Shaffer

Barry Diller, chairman and chief executive officer of IAC, enters the courthouse to testify at the Chancery court in Wilmington, Delaware March 13, 2008.

Credit: Reuters/Tim Shaffer

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WILMINGTON, Delaware (Reuters) - IAC/InterActiveCorp Chairman Barry Diller on Thursday said he would be interested in acquiring a controlling stake in IAC if he could.

Diller made his comments during testimony in a trial over the future of the Internet conglomerate.

Asked in Delaware Chancery Court whether he would be interested in trying to seek control of IAC, Diller said "Yes, if I could."

"I don't know how far I would get," he said. "I'm not sure the number of shares I would need to acquire I would (actually) obtain," he told the court.

IAC and its controlling shareholder Liberty Media have sued each other over Diller's plan to spin off four of IAC's largest businesses.

Diller also referred to Liberty CEO Greg Maffei as a "irresponsible executive" who would not benefit IAC if he took an operating role there. (Reporting by Michele Gershberg; editing by Carol Bishopric)

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