Investing in household names…without the price tag

We’ve all heard of companies like Expedia, TripAdvisor, Live Nation (the owners of TicketMaster) and the Match Group (the parent company of dating apps including Tinder and Hinge) and Vimeo. We’ve all frequently used them to book holidays, concerts and, well, schedule a blind date. They’re household names. But behind these household names is a company that doesn’t get spoken about too often. IAC Holdings is an investment holding company responsible for more than 100 companies in media and the internet. It grows businesses and then spins them out to shareholders. According to Marco Anselmi, partner and senior analyst at VGI Partners, IAC Holdings is an opportunity the market has yet to consider. In this interview, Anselmi explains the business model behind IAC Holdings and provides his thesis behind two companies currently held by the business, including one growing at 50% a year. Transcript Can you explain your investment thesis for IAC Holdings? It’s interesting. Many people might not be familiar with IAC because it’s an investment holding company. So, it’s not an operating business, but a lot of people will be familiar with the businesses that have grown out of IAC, and that have subsequently been spun out to…
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