Recently, IAC has been in the news due to its plans to spin off its online dating business, which includes popular platforms like Match.com and Tinder, into a separate publicly traded company. This move aims to unlock value for shareholders and allow each business to focus on its specific growth strategies independently. Additionally, IAC has been actively investing in and acquiring various digital media and technology companies to expand its portfolio and strengthen its presence in the global market.
IAC, short for InterActiveCorp, is an American holding company founded in 1986 by Barry Diller. Headquartered in New York City and incorporated in Delaware, IAC operates various brands across 100 countries, primarily in the media and Internet sectors. Some of its well-known subsidiaries include Vimeo, Dotdash, and Angie's List. Joey Levin has been a key figure at IAC, serving as the CEO and overseeing the company's diverse range of businesses. With a focus on innovation and strategic investments, IAC continues to be a prominent player in the digital landscape.