IAC’s Barry Diller Builds Unique Digital Business Model

New York Times: IAC/InterActiveCorp, the hodgepodge of Internet businesses built by Barry Diller, has created more value for shareholders over the last two decades than Disney or Microsoft. Diller, the colorful media mogul turned early Internet evangelist, has somewhat accidentally built a unique business model: Buy digital businesses, fold them into a conglomerate and then spin out the most successful ones, like the Match Group, the online dating company that had its IPO last Thursday. Match now has a market value of about $3.7 billion.