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flag IAC considers spinning off its majority stake in Angi, a home improvement platform, to shareholders.

flag IAC, a company that owns businesses like Angi, Dotdash Meredith, and Care.com, is considering spinning off its 85% stake in Angi, a home improvement services platform. flag The spinoff would distribute IAC's stake to shareholders, though no specific timeline has been set. flag IAC CEO Joey Levin noted Angi is "healthy, profitable, and on a path to resume revenue growth." flag IAC released third-quarter financial results and will host a conference call on November 12 to discuss these results.

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