May be of interest to those of you who may own timeshares ...

Interval International To Go It Alone
South Florida Business Journal

Interval International will become a publicly traded company as corporate parent IAC/InterActiveCorp splits itself into five businesses.

Along with its spinoff of the Miami-based timeshare business, IAC will turn its HSN home shopping network, Ticketmaster ticket service and online lending and realty company Lending Tree into standalone companies.

IAC will retain its media and advertising segment, which includes Match.com, Evite, Shoebuy.com, Citysearch and Entertainment Publications.

"One of the reasons we've stayed with some of our more transactional businesses is that we needed their earnings to allow us to invest in emerging Internet businesses," said Barry Diller, chief executive of New York-based IAC. "Now that we have real scale in the pure Internet units, it makes nothing but sense to me to reorganize the whole."

The spinoffs are to be completed in the second or third quarter.

IAC's shareholders will own 100 percent of the equity in all five companies.