@taskmaster4450le "## [IAC exploring spinoff of home improvement mark..." by taskmaster4450le

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hive-167922 · @taskmaster4450le · Nov 12 '24

@taskmaster4450le "## [IAC exploring spinoff of home improvement mark..."

## [IAC exploring spinoff of home improvement marketplace Angi](https://www.cnbc.com/2024/11/11/iac-exploring-spinoff-of-home-improvement-marketplace-angi.html)
The company said there's no specific timeline for when the spinoff will take place, but a transaction would likely occur by the end of IAC's second quarter.

IAC said Monday it's exploring a spinoff of Angi, an online platform that connects consumers with a marketplace of home improvement service providers, such as electricians and landscapers, in their area.

#iac #angi #homeimprovement #online #technology

👍 elijahh

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@hardyknight · Nov 12 '24

@hardyknight "this will bring more value for both companies. The..."

this will bring more value for both companies. The timeline is still uncertain but the move seems like a strategic step to sharpen focus on their core businesses. Smart shit

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@taskmaster4450le · Nov 12 '24

@taskmaster4450le "Angi stock price was down nearly 4% in after-hours..."

Angi stock price was down nearly 4% in after-hours trading Monday. IAC shares gained more than 1%.

The holding company is considering a spinoff of Angi that would result in its stake being distributed to shareholders, IAC CEO Joey Levin wrote in a letter to shareholders that coincided with the company's third-quarter earnings release. IAC owns 85% of Angi, which also includes home services marketplaces Handy and HomeAdvisor.

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@taskmaster4450le · Nov 12 '24

@taskmaster4450le "IAC said Monday it's exploring a spinoff of Angi, ..."

IAC said Monday it's exploring a spinoff of Angi, an online platform that connects consumers with a marketplace of home improvement service providers, such as electricians and landscapers, in their area.

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@taskmaster4450le · Nov 12 '24

@taskmaster4450le "[Article](https://www.cnbc.com/2024/11/11/iac-expl..."

[Article](https://www.cnbc.com/2024/11/11/iac-exploring-spinoff-of-home-improvement-marketplace-angi.html)

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