IAC Wins Tax Rights in Dispute With Vivendi
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InterActiveCorp, which owns Ticketmaster and a number of e-commerce websites, was granted rights to about $600 million in tax distributions in a dispute with Vivendi Universal by a Delaware court.
New York-based IAC, which is controlled by Barry Diller, had argued that Vivendi Universal Entertainment, a combination of Vivendi’s Universal Studios Inc. and IAC properties, owed it the tax distributions because IAC owned a stake in VUE.
VUE runs the Universal Studios film company, theme parks, television production company and several cable channels.
Vivendi said it would appeal.
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