Word: dillers
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...company's many franchisees. So last month CEO Henry Silverman, a veteran wheeler-dealer, moved to protect his turf by agreeing to buy Orbitz for $1.25 billion. The acquisition catapults Silverman to the top tier of online travel. His biggest rival there is another celebrity CEO, Barry Diller--the onetime Hollywood mogul who created the Fox network--whose IAC/InterActiveCorp owns Expedia, Hotels.com and Hotwire. That these inventive personalities are now jockeying over the online travel business is no coincidence. A true coming of age is under way for Web-based services as bookings migrate online and competitors scurry to capture...
...guess what: consumers should be big winners. Only a few online agents will thrive, and to stay in the game they will need to woo travelers with a wide range of offerings. Silverman, through a spokesman, and Diller protest any suggestion that the two are butting heads. They are friends who lunch together, and there's room for both, they say. Making the point, Diller notes that last month their companies inked a deal in which IAC's Hotels.com and Expedia will prominently display on their websites Cendant hotels, which include Days Inn, Travelodge and Howard Johnson. "While we compete...
...vexed, the online romance business should. Yet lawyers for industry leader Match.com have subpoenaed nine former employees who defected to True.com an upstart competitor, to find out whether they breached confidentiality agreements by disclosing secrets about proprietary information. Match.com--which is owned by InterActiveCorp., headed by media mogul Barry Diller--has more than 12 million members and dwarfs True.com (which says it has about 350,000 users). But True.com's CEO, Herb Vest, a Dallas entrepreneur with gunslinger instincts, isn't cowering. He fired back two weeks ago with full-page ads in the Wall Street Journal and the Dallas...
...CNBC last week, Diller said Match.com needs to make sure its former employees "are not using the intellectual property that belongs to us elsewhere." But at a time when the site is already feeling the heat from insurgents like Yahoo Personals, Friendster and eHarmony, industry sources are snickering that its tactics may have given a boost to another foe. True.com really took advantage of this to generate publicity for itself," says Nate Elliott, an analyst at Jupiter Research. Guess it's too late to kiss and make up. --By Sonja Steptoe
StubHub's success has attracted a hungry giant--Ticketmaster, a company that dominates the primary ticket business and is owned by Barry Diller's InterActiveCorp. After StubHub inked deals with the Arizona Diamondbacks, the Seattle Mariners and the L.A. Clippers, several Ticketmaster clients asked Diller's company to launch a secondary platform for their season-ticket holders. The game...