FINANCIAL TIMES – Barry Diller has denied accusations his media empire had a pattern of cheating entrepreneurs as he took to the stand to defend claims that IAC fleeced the founders of Tinder out of $2B. "The only thing we want is valuations to be fair. If we are out of faith with our employees we wo't have any," said Diller, a longtime Hollywood executive who became an internet investor backing such companies as Expedia and TripAdvisor. Diller admitted he had little day-to-day oversight over Tinder, testifying he recalled only meeting Rad in person once and that he did not know the intricacies of the contract the Tinder founders had struck with IAC over their equity.
by Sujeet Indap
See full article at Financial Times