Ugly duckling; Online commerce.(The rise of USA Interactive)(Company Profile)
Economist (US), The, May, 2003
Barry Diller finds profits in e-commerce
BARRY DILLER wears the fine suits that still mark men of power in old media, where he has spent most of his 40-year career. Yet in his latest incarnation, as boss of USA Interactive, Mr Diller can plausibly claim a seat at the very top table of American internet moguls, alongside visionary types such as Jeff Bezos, the boss of Amazon. Unlike the visionaries, Mr Diller cut a string of deals to build his empire, which spans travel (Expedia, Hotels.com), tickets (Ticketmaster) and dating (Match.com).
On May 5th, Mr Diller added finance to the mix, paying over $700m for LendingTree, a marketplace where credit firms compete to lend. That is a lot for a firm whose main business, mortgage refinancing, may have seen...
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