Barry Diller Denies That IAC Low-Balled Tinder Co-Founders (2)

Barry Dillerrepeatedly rejected the idea that IAC/InterActiveCorp. undervalued Tinder and cheated its co-founders out of a big payout for their stake in the popular dating app.

Testifying for most of the day in a New York City courtroom Monday, the 79-year-old chairman and founder of IAC was often impatient on the stand. He interrupted some questions, debated others and laughed at a few. Diller called one question by Orin Snyder, a lawyer for Sean Rad and other Tinder founders, “ridiculous.”

Barry Diller in 2017.

Photographer: Patrick T. Fallon/Bloomberg

Asked about claims that IAC had a reputation for low-balling value estimates, Diller responded: “Emphatically no, ...