IAC/InterActiveCorp, the Internet conglomerate run by Barry Diller, said Monday it will break itself into five publicly traded businesses _ an indication that the media mogul's plan to build a multimedia empire has failed.
The announcement drove IAC's shares up more than 6 percent.
The New York-based company plans to spin off its HSN home shopping network, Ticketmaster ticketing service, Interval time-share business and LendingTree mortgage referral units.
Roughly 30 Web-only brands _ including the Ask.com search engine, Match.com, Evite, Citysearch and Excite _ would remain as part of IAC.
Diller also announced that IAC had reached a …
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