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home / news releases / IAC - Why I Sold IAC/Interactive


IAC - Why I Sold IAC/Interactive

In December 2019, we recommended selling Match Group (MTCH) and using proceeds to buy IAC/Interactive (IAC).

The logic was pretty simple.

At the time, IAC owned over 80% of Match Group, over 80% of ANGI Homeservices (ANGI), 100% of Vimeo, and a bunch of other assets.

The interesting thing was that if you subtracted IAC’s ownership stake of MTCH and ANGI, the remaining business was being valued by the market at a negative $1.6BN valuation.

This made no sense.

Especially because IAC/Interactive had just announced that it would spin

Read more ...

Stock Information

Company Name: IAC/InterActiveCorp
Stock Symbol: IAC
Market: NASDAQ
Website: iac.com

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