IAC Proposes Spinning Off Interest in Online-Dating Giant Match
The company acquired several assets in the late s. HSN purchased a controlling stake in Ticketmaster Group in July ,  and then acquired the rest of the company in June In the early s, USA Networks began divesting itself of its traditional television broadcasting and production units. In July , the company entered the online travel business with its acquisition of Expedia ,  followed the next year by an acquisition of Interval International.
In August , IAC acquired the online mortgage comparison site LendingTree ,  and in September, the company added discount travel website Hotwire.
This site is a free online resource that strives to offer helpful content and comparison features to its visitors. in the online dating space today, with Match Group, the subsidiary of Tinder and OkCupid owner IAC, announcing it has agreed to.
From the latest breaking news to media galleries, find a range of information on IAC and our businesses. By combining the membership of some of IAC’s existing dating sites that cater specifically to singles 50 and up, OurTime. This makes it the world’s largest dating community specifically targeted to the unique needs of singles over With such a robust and steadily growing membership, OurTime. This natural affinity makes it easier to find like-minded matches and strengthens the relationships formed through the site.
Over the last two years, IAC’s dating sites have experienced significant gains in membership among singles over To complement the broad-based experience enjoyed by so many over 50 on Match.
IAC’s spinoff fueled by singles looking for love
Newspaper article International New York Times. But now things are getting really serious. The media conglomerate, which is owned by Barry Diller, has been snatching up dating sites for the last several years, increasing its bet on the fertile terrain combining technology and romance, where many couples are meeting these days. Through its two giant dating sites, Match. Then in March, IAC increased its majority stake in Tinder, a mobile app that is ground zero for the hookup culture, paying an undisclosed amount that is believed to have valued Tinder in the billions.
Update 10 months ago. Is the reaction justified? Refresher on IAC. IAC is a leading media and internet holding company that owns a portfolio of more than brands and products. Let’s break down what happened in Q3, why the stock fell after hours, and what we think is the path forward. What Happened in Q3. Match added , paying Tinder subscribers in Q3, setting the company up for its best year yet of Tinder subscriber growth.
This gave IAC the opportunity to “undermine Tinder’s billion” to “save themselves billions dollars,” according to the complaint. With company to the matters alleged in the complaint, the facts are simple:. Match Group and now plaintiffs went tinder a rigorous, contractually – defined valuation process involving two independent global investment banks, and Mr. Rad much his merry band of plaintiffs did not like the outcome. Rad who was dismissed from the Company a year ago and Mr.
Investors hope those businesses will generate the growth they expect from an Internet company. Housing market troubles have plagued this business and caused some investors to shy away, Kessler says. IAC had also owned online travel site Expedia until spinning it off in Having so many different businesses was unwieldy because troubles in one or two units would distract investors and management attention from businesses that were doing well, says Mark Oelschlager, portfolio manager of the Red Oak Technology fund, which owns the stock.
Some, such as Citigroup’s Mark Mahaney, think breaking up won’t make it worth more. He says the company was about to boost its profitability. Still, IAC’s move is an acknowledgment that the concept of holding giant baskets of Internet stocks isn’t necessarily working. And this strategy of selling off distracting units is one that could become more popular. Shows Good Morning America. World News Tonight.
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InterActiveCorp: quarterly revenue 2016-2020, by segment
By Jonathon Trugman. Internet dating is a very big business, but the hookup app Tinder is the piece that really has Wall Street excited. The online dating industry is expected to see growth of 4. Tinder is the fastest-growing property in the Match group by far.
While CBS News financial contributor Mellody Hobson said online dating is now “mainstream,” she was shocked by the company’s worth. According to Hobson, dating sites in the U. One reason the company is planning to go public now, Hobson said, is because “the market is red hot. The Pew Research Center found that 1 in 5 adults between 25 and 34 years old has used online dating and it’s hugely popular with older singles too. A dater aged 45 to 54 is just as likely to date online as someone aged 18 to One of their hottest brands is Tinder, an app popular with younger users that Hobson said is “growing by leaps and bounds.
But Match Group isn’t alone. Hobson said there are different dating apps available on the Apple App store. Share Tweet Reddit Flipboard Email. Watch Now.
IAC, Owner of Match and Tinder, Makes Moves in Online Dating
Quick Facts Match Group currently offers dating products in 42 languages across more than countries. With its now reach, people in more than countries around the world are swiping owns to connect with others, making it a top 10 lifestyle app in more than countries. Group , the company introduced Tinder Plus, giving users access pretty premium features, Rewind and Passport.
Yesterday, IAC CEO Joey Levin appeared on Bloomberg, speaking about the conglomerate’s dating products and where he thinks the big.
Net income fell, however, because the comparison quarter a year ago included a bump from the sale of its Match Europe operations. Their growth suggests improvements in the online ad market after a slump plagued the company throughout most of last year. After excluding one-time items, IAC earned 24 cents a share — 4 cents more that what analysts polled by Thomson Reuters were looking for.
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IAC’s Match Group to acquire PlentyoFish for $575 million
IAC/InterActiveCorp reported an 11% rise in quarterly revenue on Wednesday, as its online dating business and video hosting platform added.
But now things are getting really serious. The media conglomerate, whose chairman is Barry Diller, has been snatching up dating sites for the last several years, increasing its bet on the fertile terrain combining technology and romance, where many couples are meeting these days. Through its two giant dating sites, Match.
Then in March, IAC increased its majority stake in Tinder , a mobile app that is ground zero for the hookup culture, paying an undisclosed amount that is believed to have valued Tinder in the billions. IAC is organized in an unusual way. Less a traditional media company than a conjoined set of loosely affiliated Internet outfits, IAC also owns companies in the search, e-commerce, video and media industries. But over the last decade, it has systematically bought its way into the dating market, which Mr.
Diller saw as a lucrative opportunity for an online business long before many others.