Diller: hoard cash.
Dec. 5. - IAC/InteractiveCorp Chief Executive Barry Diller is sitting on a pile of cash but he isn't going to give in to investor demands that he buy back stock to rescue the company's ailing share price.
Diller, speaking at the Reuters Media Summit in New York on Thursday, says he is holding onto about 1.4 billion dollars in cash so that IAC can take advantage of acquisition opportunities at bargain prices, as the economy deteriorates further.
Speaker: Barry Diller CEO, IAC/InteractiveCorp
Presenter: Fred Katayama New York
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