While streaming startup Aereo is still trying to figure out a new business model in the wake of its Supreme Court loss, its main investor, Barry Diller’s IAC, seems to be looking for an exit. IAC says it took a $66.6 million charge for “write-downs of certain investments,” including Aereo, which has raised around $100 million to date.
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While streaming startup Aereo is still trying to figure out a new business model in the wake of its Supreme Court loss, its main investor, Barry Diller’s IAC, seems to be looking for an exit. IAC says it took a $66.6 million charge for “write-downs of certain investments,” including Aereo, which has raised around $100 million to date.
