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John Malone Quietly Dumps IAC Shares

in News on December 31, 2008 at 3:11 pm PT

Why has John Malone been dumping shares of IAC/InterActiveCorp in the past two weeks? Liberty Media Corp., the company controlled by cable industry pioneer Mr. Malone–and incidentally the majority shareholder in IAC–has in recent weeks sold roughly $17.5 million worth of IAC stock. The recent sales raise questions about whether Mr. Malone is losing confidence in his IAC investment.