Brief: IAC Plans To Spin Off Full Stake In Angi, Joey Levin To Leave As Co's CEO

People Incorporated

13/01/2025 21:01

Jan 13 (Reuters) - IAC: 
    * IAC: PLAN TO SPIN OFF FULL STAKE IN ANGI; EXPECTS TAX FREE
TRANSACTION WILL BE IN FORM OF ONE SHARE/ONE VOTE COMMON STOCK
OF ANGI
    * IAC: JOEY LEVIN WILL LEAVE AS IAC CEO AND BECOME AN
ADVISOR;
ANGI APPOINTS LEVIN AS EXECUTIVE CHAIRMAN
    * IAC: FOLLOWING LEVIN’S TRANSITION, IAC DOES NOT INTEND TO
APPOINT A NEW CEO
    * IAC: CO, ANGI AFFIRMED PRIOR FINANCIAL EXPECTATIONS FOR Q4

Further company coverage:  IAC.O 

 ((Reuters.Briefs@thomsonreuters.com;))