Barry Diller's IAC/InterActiveCorp, the operator of the Home Shopping Network and Ticketmaster, said Wednesday it has sold its 5.4 percent stake in Vivendi Universal Entertainment to NBC Universal for about $3.4 billion in cash and shares.

IAC and Vivendi Universal also agreed to permanently dismiss litigation between them pending in the Delaware courts, and all parties have released one another from potential claims relating to IAC's investment in VUE.

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