Reuters.com
"IAC/InterActiveCorp. (IACI.O: Quote, Profile, Research) , saying its growth is being hindered by the perception that it is strictly a travel company, on Tuesday said it plans to split itself in two by spinning off online travel service Expedia.com and related businesses into a company to be called Expedia... After the spin-off, IAC will be a diversified interactive commerce company that includes ticketing, electronic retailing, financial services and real estate, local and media services, personals and teleservices. These businesses include Ticketmaster, the Home Shopping Network, CitySearch and match.com. "
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:: Travel Weekly :: add: "The move will make Expedia a pure-play� travel company that will spur its growth and get around the confusion of having the travel businesses, including Expedia, Hotwire, Hotels.com and Classic Custom Vacations, interfused with IACs 25 other businesses"
Chairman Diller said "Diller said consolidation in the travel industry will continue and taking Expedia public will spur growth and acquisitions and enhance competition with Cendant and Travelocity."
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