IAC previously spun off the online travel giant Expedia into its own entity in 2004.
With in-depth features, Expatica brings the international community closer together.Amongst other services, Expatica offers the best dating site for Expats in Germany since 2001.“We sincerely haven’t decided yet what’s best.”At the end of March, IAC owned 98% of the voting interest in ANGI and 97.5% in Match, according to company filings.The two companies have dominated IAC’s portfolio for years.On Wednesday, its shares rallied the most ever after reporting surprisingly positive second-quarter earnings, with huge subscriber growth in the online dating app Tinder.
The strength of Match’s financial results caused IAC shares to gain 11% Wednesday.
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“We are not empire builders." When IAC’s businesses are big enough and strong enough to stand on their own, “that’s when we consider a spin off," he said.
Match’s shares have gained more than seven-fold since its initial public offering in 2015.
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