You can read my earlier reporting on Barry Diller and Domains HERE.
Remember it was Rick Schwartz, early seller of domains to Barry Diller who confronted Google reps at T.R.A.F.F.I.C asking "why are you renting via parking when you can own?" Now they are coming full-circle and Google may have to acquire IAC to be a domain-based business player. Meanwhile they have dropped the ball to China forever. The chink in Google's armor!