275.70 0.00 (0.00%)
After hours: 5:45PM EST
|Bid||200.01 x 900|
|Ask||275.89 x 900|
|Day's Range||273.66 - 278.85|
|52 Week Range||194.61 - 278.85|
|Beta (5Y Monthly)||0.90|
|PE Ratio (TTM)||50.09|
|Earnings Date||Feb 04, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Nov 08, 2015|
|1y Target Est||286.16|
How far off is IAC/InterActiveCorp (NASDAQ:IAC) from its intrinsic value? Using the most recent financial data, we'll...
DENVER, Jan. 15, 2020 -- After the close of market trading on Wednesday, February 5, 2020, ANGI Homeservices (NASDAQ: ANGI) will post its fourth quarter results at.
After the close of market trading on Wednesday, February 5, 2020, IAC (NASDAQ: IAC) will post its fourth quarter results and simultaneously IAC CEO Joey Levin will publish a letter to shareholders, which may include certain forward-looking information, at ir.iac.com/financial-information/quarterly-results. On Thursday, February 6, 2020 at 8:30 a.m. EDT, ANGI Homeservices will host a conference call to discuss its fourth quarter results and IAC executives will participate to answer questions regarding IAC. In addition, Match Group will host a conference call to discuss its fourth quarter results on Wednesday, February 5, 2020 at 8:30 a.m. EDT.
Bluecrew, the on-demand staffing technology platform exclusively for flexible W-2 work, today released results from a new survey which revealed a substantial number of hourly workers still don't understand the distinction between independent contractors with 1099 status and W-2 employees. Strikingly, when asked what benefits an independent contractor is eligible for, more than half of the hourly workers (57%) surveyed either didn't know or were unable to accurately identify the distinctions.
IAC/InterActiveCorp (NASDAQ: IAC) ("IAC") and Care.com, Inc. (NYSE: CRCM) ("Care.com") today announced that IAC's wholly-owned subsidiary, Buzz Merger Sub Inc. ("Merger Sub"), has commenced its previously announced tender offer to acquire (i) all of the outstanding shares of common stock (the "Common Shares") of Care.com at a price of $15.00 per Common Share and (ii) all outstanding shares of Series A Convertible Preferred Stock (the "Preferred Shares") of Care.com at a purchase price equal to 150% of the liquidation preference per Preferred Share plus accrued and unpaid dividends, in each case, net to the holder in cash, without interest and less any applicable withholding taxes. The tender offer is being made in connection with the Agreement and Plan of Merger, dated December 20, 2019, by and among IAC, Merger Sub and Care.com.
Moody's Investors Service ("Moody's") has assigned to Buzz Merger Sub Ltd. (d/b/a "MagicLab" or the "company") a B1 Corporate Family Rating (CFR) and B1-PD Probability of Default Rating (PDR). In connection with this rating action, Moody's assigned a B1 rating to MagicLab's proposed senior secured credit facilities, consisting of a $50 million revolving credit facility and $500 million term loan B. The rating outlook is stable. Net proceeds from the debt raise plus a $2.45 billion equity contribution from The Blackstone Group ("Blackstone"), co-investors and management (rollover equity) will be used to finance the $3 billion acquisition of MagicLab.
Clinton, who joined IAC/InterActiveCorp’s board in 2011, has seen the value of her shares surge. The stock of the Internet-brands firm has trounced the S&P 500.
Last year's fourth quarter was a rough one for investors and many hedge funds, which were naturally unable to overcome the big dip in the broad market, as the S&P 500 fell by about 4.8% during 2018 and average hedge fund losing about 1%. The Russell 2000, composed of smaller companies, performed even worse, trailing […]
Wedbush analysts expect IAC/InteractiveCorp. to "significantly improve" its balance sheet now that it has eliminated its debt after the spin off of Match Group Inc. The company's announced the separation last Thursday. Now analysts think IAC can build an M&A "war chest" of $8 billion to $9 billion, including $4 billion in debt and $1.7 billion in cash. IAC, which already announced a $500 million acquisition of Care.com, has a history of acquiring and then successfully spinning off companies including Expedia Group Inc. and Ticketmaster. Wedbush initiated IAC at outperform with a $295 price target and it initiated Match at neutral with an $80 price target. "Match has seen material growth in recent years, particularly at Tinder, but may start facing domestic market saturation, increased competition, and a legal battle with the increasingly emboldened FTC," analysts wrote. IAC stock is up 47.8% for the last year. Match shares have rallied 105%. And the S&P 500 index is up 33.3% for the period.
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Care.com, Inc. ("CRCM" or the "Company") (NASDAQ: CRCM) in connection with the proposed acquisition of the Company by IAC (NASDAQ: IAC). Under the terms of the acquisition agreement, CRCM shareholders will receive $15.00 for each share they own.
Match Group Inc (NASDAQ: MTCH) shares jumped 8.4% on Thursday after the company announced a deal to split from its parent company IAC/InterActiveCorp (NASDAQ: IAC). Wells Fargo analyst Brian Fitzgerald said the terms of the deal are fair for both parties and Match should benefit from increased liquidity, strategic flexibility and index eligibility. “We view MTCH as a best-in-class operator and manager of a strategically attractive portfolio of dating assets constructed to serve a broad array of use cases and consumer lifestages,” Fitzgerald wrote in a note.
New York-based IAC is acquiring online marketplace Care.com Inc. in an all-cash transaction valued at $500 million, the companies announced Friday.
Care.com (NYSE: CRCM ) shares are trading higher after the company announced it will be acquired by IAC/InterActiveCorp (NASDAQ: IAC ) for $15 per share in an all-cash transaction of $500 million. This ...
Shares of Care.com Inc. spiked up 13% in premarket trading Friday, after the online marketplace for finding family care announced an agreement to be acquired by IAC/InterActiveCorp. in a cash deal valued at $500 million. Under terms of the deal, IAC will pay $15 for each Care.com share outstanding, which is 13.2% above Thursday's closing price of $13.25 and implies a market capitalization of $491.6 million. The deal is expected to close in the first quarter of 2020. "Family care is exciting new territory for us-and an accelerating market as demand for both child and senior care intensifies worldwide," said IAC Chief Executive Joey Levin. Care.com's stock has run up 30.5% over the past three months through Thursday, but has tumbled 31.4% year to date. The S&P 500 has rallied 27.9% this year.
IAC (NASDAQ: IAC) and Care.com (NYSE: CRCM), the world's largest online marketplace for finding and managing family care, announced today that the two companies have entered into a definitive agreement pursuant to which IAC will acquire Care.com for $15.00 per share in an all-cash transaction representing approximately $500 million of enterprise value. This valuation represents a 34% premium to Care.com's unaffected closing stock price on October 25, 2019, the last trading day before a media report was published speculating about a potential sale process.
IAC/InterActive has finalized plans to distribute all of its Match Group shares to IAC shareholders on a tax-free basis.
Dallas-based Match Group Inc. (Nasdaq: MTCH) is making a break with its parent, giving the local region a big addition to the local publicly traded company lineup. The local company and New York-based IAC (Nasdaq: IAC) have reached an agreement for a full separation, according to a statement released on Thursday. The moves comes roughly six months after the parent company said it was considering spinning off the unit.
Not all breakups have to end badly, particularly for IAC/InterActiveCorp and Tinder operator Match Group, who have struck a deal to spin off IAC's 81% stake in the Tinder, Match, PlentyOfFish and OkCupid ...
IAC/InterActiveCorp (NASDAQ: IAC) and Match Group (NASDAQ: MTCH) announced on Thursday an agreement to separate their businesses. The board of directors of IAC and Match Group have both agreed on the separation and the transaction is expected to close in the second-quarter of 2020. IAC and Match Group will become two independent public companies and the transaction will give IAC shareholders direct ownership of Match Group.
IAC/InterActiveCorp. and Match Group Inc. announced Thursday an agreement in which Match will fully separate from the remaining businesses of IAC. Match's stock surged 5.3% in premarket trading, while IAC shares were still inactive. The deal, which is expected to close in the second quarter of 2020, will result in IAC and Match becoming two independent publicly traded companies. "We've long said IAC is the 'anti-conglomerate' -- we're not empire builders," said IAC Chairman and Senior Executive Barry Diller. "We've always separated out our businesses as they've grown in scale and maturity and soon Match Group, as the seventh spin-off, will join an impressive group of IAC progeny collectively worth $58 billion today." Last month, IAC had highlighted potential scenarios of a Match separation.
IAC (NASDAQ: IAC) and Match Group (NASDAQ: MTCH) announced today the entry into a definitive agreement providing for the full separation of Match Group from the remaining businesses of IAC. The agreement has been approved by the Board of Directors of each of IAC and Match Group, and was recommended to the Board of Directors of Match Group by a special committee made up of disinterested directors.