Your right and LINTa owns 30% of IAC. Given Direct TV will soon be spun out of Liberty, Wall Street is thinks the next logical move is to roll up the remain Liberty companies (LINTA, LCAPA and what remains of LMDIA). If so, that would put a lot of cash in one enities.
I guess if they roll them all up, LINTA goes into some sort of ticker reorg or LINTA shareholders receive xx shares of the new entity, right? Tougher question is what about the option holders??? Gets a little complicated, huh?