Does IAC own match?

Does IAC own match?

IAC and Match Group announced that they have completed a “full separation.” Previously, Match Group (which owns Tinder, Hinge, OkCupid, PlentyOfFish and Match itself) was a publicly traded company, with digital holding company IAC as its majority shareholder.

When did IAC spinoff match?

On December 19, 2019, IAC/InterActiveCorp (NASDAQ: IAC, $246.57, Market Capitalization: $20.86 billion) announced that it had agreed to separate Match Group (NASDAQ: MTCH, $80.94, Market Capitalization: $22.69 billion) and form two independent public companies “New IAC” and “New Match”.

How much of match does IAC own?

80%
IAC (ticker: IAC) owns about an 80% stake in Match (MTCH), a collection of dating sites like Tinder and OkCupid that has come to account for most of the public market value of IAC.

What is IAC acquisition?

Topline. Media company IAC/InterActiveCorp (IAC) said Wednesday it has reached a $2.7 billion deal to acquire Meredith Corporation’s National Media Group, in a deal expected to expand IAC’s consumer reach and set it up to become a digital media powerhouse.

Did IAC spin off from Match?

IAC closed the spinoff of Match. The dating-app group has a $30 billion market capitalization. As a result of the separation, Match Group’s dual-class voting structure has been eliminated. And the interest in Match Group that IAC held is now held directly by IAC’s shareholders.

What brands does IAC own?

IAC today operates Dotdash and Care.com, among many others, and has majority ownership of Angi, which also includes HomeAdvisor Powered by Angi and Handy. The Company is headquartered in New York City and has business operations and satellite offices worldwide.

Did IAC spin-off from Match?

Did IAC spin-off Angi?

With the spinoffs over the past year of both Vimeo and Match.com, the biggest revenue contributor for IAC is now Angi (ANGI), a separately listed provider of home- repair services in which IAC holds an 84% stake.

Did IAC do a stock split?

In conjunction with dividing the company, IAC announced a reverse stock split, meaning for every two shares of IAC stock held before the spinoffs, investors will now hold one IAC share. Such moves raise a company’s stock price but do not change its overall market value.

Does IAC still own Expedia?

NEW YORK, Aug. 9 /PRNewswire-FirstCall/ — IAC/InterActiveCorp (Nasdaq: IACI) today announced the successful completion of the spin-off of Expedia, Inc. to IAC shareholders.

Does IAC own Expedia?

In 2003, it was fully purchased by IAC/InterActiveCorp and became part of IAC Travel. In August 2005, IAC spun off Expedia Inc., which owned its travel group of businesses, including Expedia, Expedia Corporate Travel (now Egencia), TripAdvisor, Classic Vacations, eLong, Hotels.com, and Hotwire.com.

What’s the difference between Match Group and IAC?

Shares of Match Group at last check were down 2.9% to $102.96, while IAC was up 3.6% to $106.75. As a result of the separation, Match Group’s dual-class voting structure has been eliminated. And the interest in Match Group that IAC held is now held directly by IAC’s shareholders.

How much did IAC get from the sale of match?

In addition, IAC received $838 million cash, representing $3 a share of Match Group common IAC previously held and the aggregate cash consideration not elected by Match Group public shareholders. IAC said it expects to receive an additional $1.4 billion of proceeds from the sale of Match common shares.

How much is IAC worth as a company?

In the quarter century since Barry Diller took the helm of IAC—then a collection of television stations called Silver King Communications worth $250 million—the company has grown into 10 separate publicly-traded businesses, including Match Group. IAC and its progeny are collectively worth nearly $60 billion today.

Who is the chairman of the match group?

Match Group’s flagship product, Tinder, is the highest grossing non-gaming app worldwide, with a global presence. “This is just the largest transaction at the core of our strategy throughout these 25 years,” said Barry Diller, Chairman and Senior Executive of IAC.