On January 10, 2008, IAC/InterActiveCorp (the "Company") entered into a letter agreement (the "Letter Agreement") with Liberty Media Corporation ("Liberty") pursuant to which Liberty agreed to certain restrictions on acquisitions by Liberty and its affiliates of additional securities of the Company following a contemplated acquisition of 14 million shares of Common Stock of the Company from an institutional investor. A copy of the Letter Agreement is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

In connection with entering into the Letter Agreement, the Company purchased for cash, from the referenced institutional investor, 6 million shares of Common Stock of the Company for a purchase price of $24.25 per share.

ITEM 9.01.      Financial Statements and Exhibits.

(d)             Exhibits.

Exhibit 10.1    Letter Agreement, dated January 10, 2008, between IAC/InterActiveCorp and Liberty Media Corporation