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Diller And Match Group Beat Del. Suit Contesting $30B Spinoff

By Katryna Perera ( September 1, 2022, 9:31 PM EDT) -- Barry Diller-controlled IAC/InterActiveCorp, Match.com and directors of both companies beat a challenge to their $30 billion reverse spinoff in 2020, with a Delaware vice chancellor finding that the lead plaintiffs' derivative claims lack standing and that the spinoff met the necessary elements to make it subject to business judgment protections....

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