This copy is for your personal, non-commercial use only. Earlier this month, the internet holding company IAC completed the distribution of its controlling stake in the online dating site Match. That has transformed IAC shares from a direct play on Match to a collection of lesser known internet businesses and a pile of cash. The largest is an That includes Vimeo, a provider of video production tools; DotDash, which operates a collection of web content sites; and Care. He is shopping, both for companies to buy and places where IAC can take minority stakes.
Why IAC/InterActiveCorp Stock Lost 14% Last Month
Match Group is a provider of online dating products. The company has a vast portfolio of different online dating service providers, including Tinder, Match. What you see here scratches the surface. This information is available in the PitchBook Platform. Growth Rate. Size Multiple.
Match Group is a provider of online dating products. The firm became public in and was more than 80% owned by IAC/InterActiveCorp until IAC spun it off.
But now things are getting really serious. The media conglomerate, whose chairman is Barry Diller, has been snatching up dating sites for the last several years, increasing its bet on the fertile terrain combining technology and romance, where many couples are meeting these days. Through its two giant dating sites, Match. Then in March, IAC increased its majority stake in Tinder , a mobile app that is ground zero for the hookup culture, paying an undisclosed amount that is believed to have valued Tinder in the billions.
IAC is organized in an unusual way. Less a traditional media company than a conjoined set of loosely affiliated Internet outfits, IAC also owns companies in the search, e-commerce, video and media industries. But over the last decade, it has systematically bought its way into the dating market, which Mr. Diller saw as a lucrative opportunity for an online business long before many others.
How Tinder Makes Money
By Natalie Walters. Match Group is taking its more than 45 dating brands — including Match. Match shares fell 0. Match Group, which has about 1, employees, started as Match. Four years later, it was acquired by IAC and went public in
IAC (InterActiveCorp) is an American holding company that owns brands across countries, That same year, IAC acquired dating site Singlesnet and fitness site DailyBurn. In January , IAC acquired online tutoring firm
IAC is particularly interested in MGM’s online gambling operations, which it feels holds the biggest growth potential for the company. IAC, a media and internet company with more than brands and products, announced Aug. MGM shares were down 0. For more articles like this, please visit us at bloomberg. Yahoo Finance. Sign in. Sign in to view your mail.
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For two years, Tinder has been able to stay afloat without relying on any kind of revenue stream. What moves will Tinder make to enter this growing market, and can the app make money as fast as it makes matches? This user-friendly approach produces 1. Passport will appeal to the Tinder traveler, allowing users to peruse profiles across the country and across the globe. Tinder co-founder Sean Rad is confident the new services will begin bringing in cash as he insists users are both asking and willing to pay for the added features.
The Dallas-based dating group formally separated from its former media conglomerate parent company, New York-based IAC/InterActiveCorp.
By Nicolas Vega. October 11, pm Updated October 11, pm. They needed to figure out a way to highlight the value of the assets that are in their portfolio. IAC, in turn, has sued Rad for f stealing company secrets before he was fired. The spinoff, Ross said, will give IAC the flexibility to pursue new innovation. Read Next. This story has been shared 5, times.
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IAC to spin off online dating service Match
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IAC/InterActive (NASDAQ:IACI) gained in morning trades after the media and Internet company announced it is planning an initial public offering of its online.
Investors hope those businesses will generate the growth they expect from an Internet company. Housing market troubles have plagued this business and caused some investors to shy away, Kessler says. IAC had also owned online travel site Expedia until spinning it off in Having so many different businesses was unwieldy because troubles in one or two units would distract investors and management attention from businesses that were doing well, says Mark Oelschlager, portfolio manager of the Red Oak Technology fund, which owns the stock.
Some, such as Citigroup’s Mark Mahaney, think breaking up won’t make it worth more. He says the company was about to boost its profitability. Still, IAC’s move is an acknowledgment that the concept of holding giant baskets of Internet stocks isn’t necessarily working. And this strategy of selling off distracting units is one that could become more popular. Shows Good Morning America. World News Tonight. This Week. The View. What Would You Do? Sections U.
IAC revenue beats on strong dating, homeservices business
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Media and internet company IAC will spin off all of its shares of online dating company Match Group. Match Group owns , Tinder.
The New York-based media giant largely matched expectations with its latest results and Chief Financial Officer Glenn Schiffman said the company anticipates an acceleration in revenue growth during Read: Match gives mixed forecast while pace of Tinder subscriber growth slows. The company has been adding to its portfolio, recently announcing the purchase of the Mother Nature Network and Tree Hugger brands to the Dotdash family of publications.
Vimeo is working on its integration of Magisto, a video-creation service that the company recently acquired, and announced a beta version of its Vimeo Create service in mid-January. ANGI, The company posted break-even per-share earnings on a GAAP basis, down from 7 cents in earnings per share a year ago, and in line with consensus. The Care. Shares of Tesla Inc. The electric vehicle maker’s stock shot up 6. The broader market was also taking a hit, as futures for the Dow Jones Industrial Average shed points, or 0.
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