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    Wednesday, September 16, 2009

    IAC's Diller: I'm Not Interested in AOL

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      IAC/InterActiveCorp (IACI) Chief Executive Barry Diller said he has “no interest” in buying Time Warner’s (TWX) AOL unit and said he would rather invest in IAC’s existing businesses than acquire others.

      In an interview on Tuesday, Diller said he also has no intent on buying a stake in General Electric’s (GE) NBC Universal and said he believes media companies to be overvalued, according to a Bloomberg report published Wednesday.

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