IAC/InteractiveCorp. ( (IAC) ) just unveiled an update.
On March 7, 2025, IAC’s Board of Directors approved the spin-off of Angi Inc., distributing all Angi shares held by IAC to its common stockholders. This strategic move, set to be completed on March 31, 2025, will result in IAC no longer owning any shares of Angi, potentially impacting its market positioning by focusing on its remaining digital and online services portfolio.
More about IAC/InteractiveCorp.
IAC/InteractiveCorp is a media and internet company that operates a diverse range of businesses in sectors such as digital publishing, online services, and home services. The company focuses on leveraging its digital platforms to reach consumers and businesses, with a market presence that includes brands like Angi, which offers home service solutions.
YTD Price Performance: 14.67%
Average Trading Volume: 991,003
Technical Sentiment Signal: Hold
Current Market Cap: $4.07B
See more insights into IAC stock on TipRanks’ Stock Analysis page.