IAC COMPLETES SPIN-OFF OF ANGI, NOW AN INDEPENDENT COMPANY

NEW YORK and DENVER, April 1, 2025 /PRNewswire/ -- IAC (NASDAQ: IAC) and Angi (NASDAQ: ANGI), a leading platform for home services, announced today the successful completion of the spin-off of IAC's full ownership stake in Angi. As a result of the spin-off, IAC's former interest in Angi is now held directly by IAC's shareholders, and Angi is an independent, publicly traded company.

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