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IAC/InteractiveCorp. ( (IAC) ) just unveiled an update.
IAC Inc. announced the planned spin-off of its stake in Angi Inc. to its shareholders, transitioning CEO Joseph Levin to an Executive Chairman role at Angi while he continues as a consultant for IAC. This strategic move aims to allow both IAC and Angi to focus on their respective growth opportunities and operational strategies, with Angi benefiting from enhanced independence and IAC gaining flexibility for new ventures.
More about IAC/InteractiveCorp.
IAC/InteractiveCorp is a company operating in the digital space, known for its diverse portfolio of brands and services across sectors such as publishing, search, and emerging technology. The company’s market focus includes digital reach, online product and service delivery, and leveraging technology for business growth.
YTD Price Performance: -3.29%
Average Trading Volume: 686,514
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.56B
Find detailed analytics on IAC stock on TipRanks’ Stock Analysis page.
