IAC Stock Recent News

IAC confirms the spin-off of Angi, despite mixed feelings from the equity research community, though appeal to the minority Angi float. Angi's shift to a consumer-stated choice model should improve US margins and mitigate FCC consent rule impacts, but parity with international margins may be optimistic. Turo's profitability and Vivian Health's valuations can be confirmed by more recent precedents for the SotP.

Warner Bros. Discovery has named Twitter's former chief operating officer and Wall Street banker Anthony Noto to its board of directors, along with Joey Levin, the CEO of Barry Diller's IAC. The appointments come as WBD increases the size of its board to 13 directors.

Media and internet conglomerate IAC (IAC) announced that it planned to spin off its full stake in home services site Angi (ANGI) to its shareholders and said it would shake up IAC's executive leadership.

Barry DIller is returning as CEO of InterActive Corp., the diversified digital company he founded in 1995. The company included the leadership news in a broader announcement about finalizing a plan to spin off a stake in home services platform Angi to IAC shareholders.

Angi CEO Jeff Kip will continue to head the company as IAC's 10th fully independent company, IAC said.

IAC said on Monday longtime boss Joey Levin will step down as CEO after the spinoff of its majority stake in home services marketplace Angi as the media and internet company looks to focus on Dotdash Meredith, its largest business.

Current CEO Joey Levin will step down to become executive chairman at IAC spinoff Angi.

IAC on Monday announced that its board approved the spinoff of Angi, the home improvement marketplace it acquired in 2017. The holding company said it expects the spinoff to close in the second quarter of the year.

NEW YORK , Jan. 13, 2025 /PRNewswire/ -- Dotdash Meredith, the largest digital and print publisher in America, today named Charlotte Triggs as its first-ever GM and Editor-in-Chief of PEOPLE Group, effective immediately. A veteran of the PEOPLE brand, Triggs will have strategic oversight of all its platforms and content operations for digital and print.

IAC has signalled to the market that it's ready to make deals. Any kind of transaction (sale, acquisition, or IPO) could unlock shareholder value. If the private assets are indeed worth what we speculate, IAC is severely undervalued even when taking into account corporate overhead costs and could double when the market catches up. IAC's CEO and team are incentivized with RSUs to get the share price to at least $110 by 2030.