Should make for a very interesting play next week. IACI is spinning off 4 divisions on names everyone knows. So you get 5 public company if holding IACI. They have been talking about this spin-off for over a years and people were thinking it would ever happen. IACI already looks undervalued on a valuation basis. My thoughts are the media/public will start to spin this as the story gets around and cause a big run up to Aug 21. Disclaimer - already holding big. http://iac.mediaroom.com/index.php?s=43&item=1565 'When-Issued' Trading for IAC, HSN, Inc., Interval Leisure Group, Inc., Ticketmaster and Tree.com, Inc. to Begin on August 12th, 2008 Spin-Offs of HSN, Inc., Interval Leisure Group, Inc., Ticketmaster and Tree.com, Inc. Scheduled to Occur on August 21st, 2008 PRNewswire-FirstCall NEW YORK (NASDAQ:IACI) NEW YORK, Aug. 11 /PRNewswire-FirstCall/ -- IAC (NASDAQ: IACI) today announced it has been advised by The Nasdaq Stock Market LLC, that "when-issued" trading in the common stock of HSN, Inc., Interval Leisure Group, Inc., Ticketmaster and Tree.com, Inc. and IAC will commence (on a post-distribution and, in the case of IAC, a Board approved post-one-for-two reverse stock split, basis) under the symbols "HSNIV," "IILGV," "TKTMV," "TREEV" and "IACIV," respectively, at the market open on August 12, 2008. The "when-issued" trading period comes following the SEC declaring the S-1 registration statements for each of the spincos effective, and will continue up until the spin-offs. Shares of IAC common stock will also trade on a regular way basis during the period under its existing symbol, "IACI." The completion of the spin-offs is scheduled to occur pre-market on August 21 and regular way trading for all five companies will commence at the opening of trading on the same day. Shares of common stock of the spincos will trade regular way under the symbols "HSNI," "IILG," "TKTM" and "TREE." During the 20 trading days following the completion of the spin-offs, shares of IAC will trade under the symbol "IACID" in accordance with Nasdaq rules, after which trading under its current symbol, "IACI," will resume. About IAC IAC operates leading and diversified businesses in sectors being transformed by the internet ... our mission is to harness the power of interactivity to make daily life easier and more productive for people all over the world. To view a full list of the companies of IAC please visit our website at http://iac.com/ About HSN, Inc. HSNi owns and operates, through its subsidiaries, HSN, a retailer and interactive lifestyle network offering a broad assortment of products through television home shopping programming on the HSN television network and HSN.com. HSN strives to transform the shopping experience by incorporating experts, entertainment, inspiration, solutions, tips and ideas in connection with the sale of products through the HSN television network and HSN.com. HSNi also owns and operates, through its subsidiaries, the Cornerstone Brands portfolio of catalogs and related websites, including Frontgate, Ballard Designs, Garnet Hill, Smith+Noble, The Territory Ahead, TravelSmith and Improvements, as well as a limited number of retail stores. About Interval Leisure Group, Inc. ILG is a leading provider of membership services to the vacation ownership industry. ILG's principal business segment, Interval, makes available vacation ownership membership services to the individual members of its exchange networks, as well as related services to developers of the resorts participating in its exchange networks worldwide. As of December 31, 2007, more than 2,400 resorts located in more than 75 countries participated in Interval's primary exchange network, the Interval Network, and nearly two million owners of vacation interests were enrolled as members of the Interval Network. For the fiscal year ending December 31, 2007, Interval represented approximately 88% of ILG's consolidated revenues. ILG's other business segment, RQH, was acquired in May 2007 and is a provider of vacation rental and property management services to vacationers and vacation property owners across Hawaii. As of December 31, 2007, RQH provided property management services to 26 resorts and hotels, as well as other more limited management services to an additional 23 properties. About Ticketmaster As the world's leading live entertainment ticketing and marketing company, Ticketmaster connects the world to live entertainment. Ticketmaster currently operates in 20 countries worldwide, providing ticket sales, ticket resale services, marketing and distribution through http://www.ticketmaster.com/, one of the largest e-commerce sites on the Internet, and related proprietary Internet and mobile channels, approximately 6,700 independent sales outlets and 19 call centers worldwide. Established in 1976, Ticketmaster served more than 10,000 clients worldwide in 2007 across multiple live event categories, providing exclusive ticketing services for leading arenas, stadiums, amphitheaters, music clubs, concert promoters, professional sports franchises and leagues, college sports teams, performing arts venues, museums and theaters. Ticketmaster's distribution channels and client base provide it with significant scale-for example, in 2007, Ticketmaster brands and businesses sold approximately 141 million tickets valued at over $8.3 billion. About Tree.com, Inc. Through its various subsidiaries, Tree.com currently operates a lending business (the "Lending Business") and a real estate business (the "Real Estate Business"). The Lending Business consists of online networks, principally LendingTree.com and GetSmart.com, as well as call centers, which match consumers with lenders and loan brokers. In addition, the Lending Business originates, processes, approves and funds various types of residential real estate loans under two brand names, LendingTree LoansÂ® and HomeLoanCenter.comÂ®, and offers residential mortgage loan settlement services under the name LendingTree Settlement Services. The Real Estate Business consists primarily of an internet-enabled national residential real estate brokerage that currently operates offices in 14 markets under the brand name "RealEstate.com, REALTORS." The Real Estate Business also consists of a brokerage that matches residential home buyers interested in newly constructed homes with builders and currently operates under the brand name "iNestÂ®."