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The slowdown in U.S. consumer spending is emerging at a particularly complicated time for John Malone.
The mogul behind Liberty Media is in a tussle with his longtime business partner, Barry Diller, about the future of his stake in IAC/InterActiveCorp (IACI Quote). With Diller planning to break up his hodge-podge of Web businesses in an attempt to unlock shareholder value, investors on Wall Street are speculating that Malone may move to swap his controlling stake in IAC for HSN.
HSN, IAC's home shopping network, competes directly with QVC, the main holding behind Liberty Media Interactive (LINTA Quote), the stock tracking Web businesses owned by Malone's holding company. ...
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