Iac news and trends

IAC Completes $500M Acquisition Of Care.com
Partnerships / Acquisitions // February 12, 2020

IAC announced today that it has acquired Care.com, a worldwide marketplace for family care, for $15 per share of common stock. It will also get the Preferred Share Offer Price per share of preferred stock in an all-cash transaction representing approximately $500 million of enterprise value....

Care.com Deal Offers A Premium, But (Trust) Issues May Linger
Gig Economy // December 23, 2019

This is a platform that will take some, well, care. As reported Friday, Dec. 20, IAC, which operates several media brands, announced a pact to buy Care.com for about $500 million. The Wall Street watchers may be focused on the mechanics of the all-cash deal,...

IAC To Purchase Care.com In Nearly $500M Deal
Partnerships / Acquisitions // December 20, 2019

One day after outlining plans to spin off all its Match Group shares, digital brand holding company IAC says it has agreed to purchase Care.com in an arrangement valued at almost $500 million. IAC will pay $15 for each share of Care.com in a transaction...

Carsharing Platform, Turo, Raises $250M And Becomes A Unicorn
Investments // July 17, 2019

Turo, a car-sharing startup, has raised $250 million from IAC in a Series E funding round, which puts the company’s valuation at above a billion dollars, according to reports. IAC is an internet media company that previously owned Match.com and OkCupid. The funding round brings...

Quick Reads
IAC Invests $1B In MGM Resorts International, Plans To Boost Online Gambling

August 10, 2020
IAC, the New York-based global media and internet giant, is betting that an investment of $1 billion in MGM Resorts International will pay off in online gambling, according to a press release. The move comes one month after IAC and Match Group, the parent company of dating providers Match, Tinder, OkCupid and PlentyOfFish, announced they […]

IAC Completes $500M Acquisition Of Care.com

February 12, 2020
IAC announced today that it has acquired Care.com, a worldwide marketplace for family care, for $15 per share of common stock. It will also get the Preferred Share Offer Price per...

IAC To Purchase Care.com In Nearly $500M Deal

December 20, 2019
One day after outlining plans to spin off all its Match Group shares, digital brand holding company IAC says it has agreed to purchase Care.com in an arrangement valued at...

Carsharing Platform, Turo, Raises $250M And Becomes A Unicorn

July 17, 2019
Turo, a car-sharing startup, has raised $250 million from IAC in a Series E funding round, which puts the company’s valuation at above a billion dollars, according to reports. IAC...