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1006 IAC Explores Spinoff of Angi

The Information
Rocket Drew @ The Information · 11/12/2024 02:53 EDT

IAC is considering spinning off its 85% stake in Angi, the home services website formerly known as Angie’s List, according to a letter that IAC CEO Joey Levin sent to shareholders on Monday. The stock price of IAC rose 1.4% in after-hours trading to $55.89, while Angi’s stock fell 5.7% to $2.47. ...

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