IAC exploring spinoff of home improvement marketplace Angi
Publishing timestamp: 2024-11-11 17:09:32
Summary
IAC is considering spinning off its 85% stake in Angi, a home improvement services platform. The move is expected to happen by the end of IAC's second quarter. Angi's revenue declined during the third quarter, but the company remains profitable. IAC has a history of incubating businesses and spinning them off into separate companies.
Sentiment: MIXED
Tickers: IAC, ANGI, EXPE, MTCH,
Keywords: expedia group inc, breaking news: technology, match group inc, angi inc, technology, iac inc, internet, business news,
Source: https://www.cnbc.com/2024/11/11/iac-exploring-spinoff-of-home-improvement-marketplace-angi.html