Over the years London built on that opportunity by welcoming foreign market-makers (the Big Bang reform of 1986) and by offering a regulatory structure that seemed more appealing than those on offer in Paris or Frankfurt.

ECONOMIST: London as a financial centre

This past November, Diller proposed splitting IAC into five parts that would use a single-tiered voting structure, and breaking out some of the less appealing businesses from the remaining IAC.

FORBES: IAC Is A-OK