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IAC Stockholders Approve Spin-Off of Expedia, Inc.

Monday, July 18, 2005 - 19:00

IAC/InterActiveCorp (NASDAQ: IACI) announced that its stockholders overwhelmingly approved the spin-off of Expedia, Inc., and the related proposals submitted at IAC's annual meeting of stockholders held earlier today. IAC will release its second quarter results on August 2, 2005 and expects to close the spin-off during the week of August 8th.

IAC has been advised by the Nasdaq National Market that both Expedia common stock and IAC common stock (on a post spin-off basis) will trade on a "when-issued" post-reverse stock split basis on Nasdaq under the symbols "EXPEV" and "IACIV," respectively, from July 20, 2005 through the completion of the spin-off. During this period, IAC common stock will continue regular way trading on Nasdaq under its existing symbol, "IACI." On the first trading day after the spin-off is completed, regular way trading will commence for Expedia under the symbol "EXPE" and will continue for IAC under the symbol "IACI."

In addition, the holders of over 99% of IAC's outstanding shares of Series A Convertible Preferred Stock have elected to receive $50 in cash per share plus accrued and unpaid dividends in return for their shares. This amount will be paid upon completion of the spin-off.

Following the spin-off, IAC will cease to have any ownership interest in Expedia, and Expedia will become an independent publicly traded company. Expedia will consist of IAC's travel and travel-related businesses, subsidiaries and investments, including TripAdvisor and excluding Interval International, which IAC will retain. IAC will continue to own and operate its remaining businesses as an independent publicly traded company.

About IAC/InterActiveCorp

IAC operates leading and diversified businesses in sectors being transformed by the internet, online and offline ... 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

   IAC Investor Relations
   Roger Clark/Eoin Ryan
   (212) 314-7400

   IAC Corporate Communications
   Deborah Roth
   (212) 314-7254

Important Safe Harbor Statement Under The Private Securities Litigation Reform Act of 1995

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements relating to anticipated financial performance, business prospects, new developments, pending transactions and similar matters, and/or statements that use words such as "anticipates," "expects," "intends," and similar expressions. These forward-looking statements are necessarily estimates reflecting the best judgment of IAC's senior management, and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties are described in IAC's filings with the U.S. Securities and Exchange Commission (the "SEC"), including IAC's Annual Report on Form 10-K for the fiscal year ended 2004, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Other unknown or unpredictable factors also could have material adverse effects on IAC's future results, performance or achievements. In light of these risks and uncertainties, the forward-looking events discussed in this press release may not occur. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date stated, or if no date is stated, as of the date of this press release.

IAC is not under any obligation and does not intend to make publicly available any update or other revisions to any of the forward-looking statements contained in this press release to reflect circumstances existing after the date of this press release or to reflect the occurrence of future events even if experience or future events make it clear that any expected results expressed or implied by those forward-looking statements will not be realized.

Additional Information

In connection with the proposed spin-off, IAC filed a proxy statement/prospectus with the SEC. Stockholders of IAC are urged to read the proxy statement/prospectus because it contains important information about IAC, the proposed spin-off transaction and related matters. Investors and security holders can obtain free copies of the proxy statement/prospectus by contacting Investor Relations, IAC/InterActiveCorp, Carnegie Hall Tower, 152 W 57th Street, 42nd Floor, New York, NY 10019 (Telephone: (212) 314-7400). Investors and security holders can also obtain free copies of the proxy statement/prospectus and other documents filed by IAC with the SEC in connection with the proposed spin-off transaction at the SEC's web site at In addition to the proxy statement/prospectus, IAC files annual, quarterly and current reports, proxy statements and other information with the SEC, each of which should be available at the SEC's web site at You may also read and copy any reports, statements and other information filed by IAC at the SEC public reference room at 450 Fifth Street, N.W., Washington, D.C. 20549. Please call the SEC at 1-800-SEC-0330 for further information.

SOURCE: IAC/InterActiveCorp

CONTACT: Roger Clark or Eoin Ryan, both of IAC Investor Relations,
+1-212-314-7400; or Deborah Roth of IAC Corporate Communications,

Web site:

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