IAC Considers A Spin-Off Of Angi After Q3 Report
IACIAC(IAC) Benzinga·2024-11-12 08:25

IAC IAC announced in its third-quarter earnings report that it is considering a strategic move to spin off its ownership stake in Angi Inc. ANGI.This news comes as Angi shares traded lower after-hours, following the company's third-quarter financial results. IAC's potential spin-off would make Angi a stand-alone entity, allowing it to operate independently from IAC, which has nurtured and managed the brand as part of its portfolio of digital and media businesses.According to Benzinga Pro, Angi reported quar ...