MTCH - IAC/InterActiveCorp Or Its Daughters The Choice Is Clear
About IAC/InterActiveCorp And Its Daughters
IAC/InterActiveCorp (IAC) has a history of building businesses and spinning them off. The latest to be spun off is Match Group (MTCH), effective as of June 30, 2020. Previously, in 2017, IAC completed the combination of the businesses in its former HomeAdvisor segment with those of Angie's List, Inc. under a new publicly traded holding company, ANGI Homeservices Inc. (ANGI), in which IAC continues to hold an 85.1% shareholding and 98.3% voting rights.
IAC/InterActiveCorp: Investment Thesis
With IAC building businesses and spinning these businesses off, shareholders