Yesterday’s trial between IAC chief Barry Diller and Liberty Media’s John Malone was never even supposed to happen. Weren’t these two supposed to everything out – choosing whether to split IAC into five units, and how that would affect Malone’s voting capacity – on their own without ever seeing the inside of a courtroom? No matter, though, because the testimony is providing great fodder for onlookers like us, like when Malone went after Diller’s leadership methods: “He frequently refers to it as his business. [… He is] extremely well compensated [… and made a] fine art [of using the corporate jet].” Meanwhile, IAC shares continue to slide; they’re down 20 percent from January, which will make the theoretical pie pieces of IAC that much more attractive to potential buyers. Firesale on Ticketmaster!

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