(Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Deal Overview On November 5, 2020, IAC IAC /InterActiveCorp (NASDAQ: IAC, $137.86, $11.8 billion) announced that it is contemplating the spin-off of Vimeo, its online video platform. Vimeo, through its cloud platform, provides one stop solution for all business needs for local SMBs to global companies. Post spin-off, Vimeo will continue to provide cloud-based Software-asa- Service (“SaaS”) offerings through its global video platform to creative professionals, small and medium businesses (“SMBs”), organizations and enterprises to create, host, stream, monetize, analyze and distribute videos online and across devices. On the other hand, IAC would continue to operate Dotdash, Search, Mosaic Group, Care.com and other businesses, along with majority ownership in ANGI Homeservices, which includes HomeAdvisor, Angie’s List and Handy. The company has not provided any definitive information on the potential spin-off’s future course of action including the timeline. The CEO said that a final decision has not been made on the spin-off and may take some time to finalize the terms of a potential spin-off. Vimeo provides cloud-based Software-as-a-Service (“SaaS”) offerings through its global video platform to creative professionals, small and medium businesses (“SMBs”), organizations and enterprises…
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IAC/InterActiveCorp Considers Spin-Off Of Vimeo
