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

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. The spinoff would distribute IAC's stake to shareholders, though no specific timeline has been set. IAC CEO Joey Levin noted Angi is "healthy, profitable, and on a path to resume revenue growth." IAC released third-quarter financial results and will host a conference call on November 12 to discuss these results.

November 11, 2024
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