I vote yes.
Why? Because the proposed spinoffs simplify a needlessly complex structure. Even if it means nothing more than boosting the value of IAC/InterActiveCorp's current bundle of assets, John Malone (read: Liberty shareholders) stand to benefit.
Yet my hunch is that this will all somehow aid in Malone's desire to unload IAC assets or takeover others, such as Home Shopping Network. I don't know exactly how this will happen. But I trust Malone and his management team, as you read me post on the Diller-Malone dance barely 10 days ago.
The linked Bloomberg report quotes Liberty Media's Greg Maffei saying Malone/Liberty didn't instigate the spinoffs. They didn't need to.
My hunch is that the Diller-Malone dance includes Barry hearing footsteps.
That comes with the other guy owning nearly 60% of your company.
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