CRCM - Why IAC/InterActiveCorp Shares Gained 12% Last Month
Shares of IAC/InterActiveCorp (NASDAQ: IAC) rose 11.9% in December 2019, according to data from S&P Global Market Intelligence. The media and online content conglomerate gained 11% in the space of two days thanks to a couple of potentially game-changing deals.
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First, IAC's stock went up 7.8% on the news that the company is selling off its holdings in Match Group (NASDAQ: MTCH), creating two entirely separate companies. Before this deal, which had been coming for some time, IAC owned 80% of the Tinder parent's shares.