Filings Watch: Liberty Unloads More IAC Shares
This story was written by Rory Maher.
Liberty Media (NSDQ: LINTA) sold another 46,000 shares of IAC stock, according to an SEC filing. The price at $15.04 per share on February 3, 2008 (you mean '09 right? Or were you referring to last year's price?). Liberty now owns just over 25 million shares of IACI (NSDQ: IACI). Liberty had been disposing of IACI shares in recent months and speculation about its motives range from raising cash in order to pay down Liberty debt or to simply get out of the pure-play internet publisher Interactive Corp. For example, early last month, the cable TV company cashed in 1.3 million shares in IAC.
By Rory Maher