Barry Diller, IAC Chairman & CEO, has allocated a “hundreds of millions of dollars” acquisition war chest...For Diller, targeted online content sites are “a wonderful area right now to invest in.”
Don’t expect Diller to follow the News Corp. MySpace route, though, with a high-profile, high-cost acquisition without a proven earnings track-record. Diller at IAC's Q3 earnings conference call Tuesday:
We see all sorts of opportunity in many of the businesses we are in for add-ons, for bolt-ons, so to speak. No usually of huge size. I have said in the last several quarters, and the last year, we have deaccentuated, so to speak, M&A or big ticket M&A. Not that if something – not that we are, because we are certainly always alert and looking around, seeing what the opportunities are.
Would Digg be a good "add-on" to IAC's stable of Internet properties?
When asked about IAC's Match.com performace, Diller said:
What is a better definition of a social network site than Match.com?
IAC properties include:
WHAT IS THE FUTURE OF DIGG?
Will Barry Diller buy Digg as a "bolt-on" to IAC?
Will Kevin Rose continue on his independent "path to profitability' (see "Digg: Kevin Rose talks 'The Real Deal" in exclusive interview")?
Will Digg be bought by someone else?
What do you think? Vote below. If voting for "someone else" identify the "someone" in the Talkback"!