IAC/INTERACTIVECORP Management's Discussion and Analysis of Financial Condition …

GENERAL Acquisition of Meredith On December 1, 2021, Dotdash Media Inc. (formerly known as About Inc., and referred to herein as “Dotdash”), a wholly-owned subsidiary of IAC/InterActiveCorp (“IAC”), completed the acquisition of Meredith Holdings Corporation (“Meredith”), which holds Meredith Corporation’s national media business, consisting of its digital and magazine businesses, and its corporate operations. The parent of the combined entity is Dotdash Meredith, Inc. (“Dotdash Meredith”). Vimeo Spin-off On May 25, 2021, IAC completed the spin-off of its full stake in Vimeo, Inc. (formerly Vimeo Holdings, Inc. (“Vimeo”)) to IAC shareholders (which we refer to as the “Spin-off”). Following the Spin-off, Vimeo became an independent, separately traded public company. Therefore, Vimeo is presented as a discontinued operation within IAC’s financial statements for all periods prior to May 25, 2021. Management Overview IAC today is comprised of Dotdash Meredith, Angi Inc. and Care.com, as well as a number of other businesses ranging from early stage to established. As used herein, “IAC,” the “Company,” “we,” “our” or “us” and similar terms refer to IAC/InterActiveCorp and its subsidiaries (unless the context requires otherwise). For a more detailed description of the Company’s operating businesses, see “Description of IAC Businesses” included in “Item 1-Business” to…
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