IAC/InterActiveCorp and Expedia chairman Barry Diller told reporters in the annual Allen & Co. gathering of media and technology moguls, Wednesday that he wasn’t concerned about the recent sell-off in Chinese stocks.
On the sidelines of the event, Diller was asked about the recent market woes in the world’s second-largest economy, he said: “No. Must I be?” Diller added “Listen, markets go up and down. [The] Chinese have a lot of production that they make, so I am not worried. Anyway, what do I know, it’s too early.”
Diller’s IAC owns a large portfolio of digital properties, including search website Ask.com and dating service Tinder and Match.com. Diller recently announced plans to take Match.com public in an IPO set for later this year.