Examples of use of IAC
1. After the announcement that IAC was selling its stake in Vivendi Universal Entertainment, shares of IAC rose $1.28 to $25.'2 by midday today in Nasdaq trading, a 5.1' percent jump.
2. The litigation between IAC and Vivendi had been pending in Delaware courts.
3. IAC said it will have an after–tax gain of $330 million from the deal.
4. After paying taxes on the transaction, IAC said it will have netted about $1 billion in cash, repurchased 56.6 million IAC shares and obtained about $100 million in advertising across NBC Universal‘s various networks over the next three years.
5. "It seems he wants to orient IAC more toward the Internet business rather than entertainment," said Joe Bonner, a securities analyst for Argus Research in New York, which has no banking relationships and does not own shares of IAC.