Greg Blatt turned to CNBC (NYSE: GE) today to make what appears to have been his first public appearance since taking over as IAC’s CEO last week. Blatt used the interview to go over his approach to IAC’s various businesses, which doesn’t seem very different than that of his predecessor, Barry Diller, who remains chairman.
As for the company’s cash hoard, Blatt says he will continue to use it to buy back stock and make “adjacent” acquisitions. Blatt does acknowledge that while in the past the company had been focused on the price of its M&A deals it wasn’t focused enough on “assessing the opportunity” of possible businesses it could purchase.
The video is embedded below. The conversation with Blatt starts two minutes in: