Posts Tagged ‘Gifts’

IAC: Liberty Media Out, Barry Diller Not Quite Out But No Longer CEO, Greg Blatt Succeeds Diller

Changes aplenty were announced by IAC Thursday morning, as Barry Diller (left) removed himself from the CEO spot, remaining with the company as chairman and senior executive; a match was found in Match.com CEO Greg Blatt (right) to succeed Diller; and Liberty Media swapped its equity stake in IAC for all of the capital stock of a wholly owned IAC subsidiary that includes properties such as Evite and Gifts.com.

Blatt has been CEO of Match.com since early 2009, after spending more than five years in various senior-management posts with IAC — executive vice president, general counsel, and a member of the office of the chairman. Prior to IAC, Blatt was executive VP, business affairs and general counsel at Martha Stewart Living Omnimedia, and he also served as an associate at New York-based law firms Grubman Indursky & Schindler and Wachtell, Lipton, Rosen & Katz.

Liberty had been tied to IAC and its previous incarnations since Diller joined Silver King Communications in 1993. In the transaction announced Thursday, Liberty traded some 12.8 million shares of IAC stock — approximately 8.5 million class-B shares and 4.3 million shares of common stock, representing some 60 percent of total votes — for all capital stock in the previously mentioned subsidiary.

Diller now owns shares representing about 34 percent of the total vote classes of IAC stock, and he was granted the right to exchange up to 1.5 million additional shares of common stock he may acquire within the next nine months for an equal number of class-B shares, potentially boosting his voting control to 41 percent.

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6 Awesome Social Features In Today's Facebook Games

Having played nearly every social game I’ve seen for the last few years, I’ve come to notice a few games that raise the bar on making a game social. By this I mean that certain games provide an experience that really lets you interact with your friends in a special way, something different than the thousands of games that simply ask you to send gifts and receive bonuses. I thought I’d list out a few of my favorites, and also ask our readers to let us know what games provide you with special social experiences.
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hi5 Takes on Virtual Gifting

-hi5 Logo-Virtual gifting worked for Facebook. So hi5 is trying its hand at the virtual economy as well. Today, the hi5 social network is announcing a new gifting application called hi5 Gifts. Similar to a recent application launched by Facebook, hi5 Gifts revolves around holiday-related virtual presents. With an initial offering of 36 virtual gifts, each present will represent a particular world custom or culture. These gifts will be based on holiday traditions and other customs, such as a virtual “Rosca,” a cake that Mexicans eat on January 6th to celebrate Three Kings’ Day.
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