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IAC Sells Vivendi Stake to NBC Universal

IAC/InterActiveCorp Sells VUE Stake to NBC Universal for About $3.4B in Cash, Shares

NEW YORK June 8, 2005 - Barry Diller's IAC/InterActiveCorp, the operator of the Home Shopping Network and Ticketmaster, said Wednesday it has sold its 5.44 percent stake in Vivendi Universal Entertainment LLLP to NBC Universal for about $3.4 billion in cash and shares.

IAC and Vivendi Universal also agreed to permanently dismiss litigation between them pending in the Delaware courts, and all parties have released one another from potential claims relating to IAC's investment in VUE.

IAC shares rose nearly 5 percent in early trading.

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