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Hail the survivor! We'd heard that IAC dealmaker Jason Rapp's career was on the rocks. Turns out it was just in a deep freeze. Rapp has been named CEO of minor IAC property Gifts.com. The holdup?

Legal wrangling over the splitup of Barry Diller's online conglomerate; a bitter spat between Diller and longtime backer John Malone of Liberty Media delayed the breakup. Gifts.com used to be run out of online retailer HSN, which is due to be separated; that left it headless, a good fit for the jobless. It's a good move for Rapp; we hear he'd been considering a junior position at Facebook, or running IAC's healthcare investments. Gifts.com may not be much — Compete.com lists its audience at below 1 millon, after a predictable spike in December — but at least Rapp gets a C-suite title.