Barry Diller Can't Resist

IAC/Interactive media (owners of and more) just announced they will take the number 5 position in web portal searchers ( and compete against the big titans of the internet (,,, etc). The deal is valued at 1.85 Billion in stock, with a repurchase agreement. "Global search is the gateway to everything," said media mogul Barry Diller, chairman and chief executive of IAC.

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