Liberty Media sells shares of IAC/Interactive, keeps 27.5% stake

By Lisa Kerner

Charlotte, N.C., Oct. 16 - Liberty Media Corp. sold 1,617,800 shares of IAC/Interactive Corp. common stock between Oct. 2 and Oct. 15, keeping a 27.5% ownership interest.

The shares had a weighted average sale price of between $19.02 and $19.45 each, according to a schedule 13D/A filed with the Securities and Exchange Commission on Friday.

Liberty Media, an Englewood, Colo., entertainment company, beneficially owns 36,416,201 shares of IAC/Interactive, a New York-based internet company.

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