Mergers & AcquisitionsBy The Online Investor Staff, updated Wed., Feb. 26, 4:37 PM
|This Slide: #77 of 100|
Slide #77. IAC — Care.com
IAC (NASDAQ: IAC) today announced the completion of its acquisition of Care.com, Inc. ("Care.com"), the world's largest online marketplace for finding and managing family care, for $15.00 per share of common stock and the Preferred Share Offer Price (as defined below) per share of preferred stock in an all-cash transaction representing approximately $500 million of enterprise value. Now a wholly-owned subsidiary of IAC, Care.com, led by CEO Tim Allen, will be part of IAC's Emerging and Other reporting segment.
IAC/InterActiveCorp is a media and Internet company. Co. has majority ownership of both Match Group, Inc. (Match Group or MTCH), which includes Tinder, Match, PlentyOfFish and OkCupid, and ANGI Homeservices Inc. (ANGI Homeservices or ANGI), which includes HomeAdvisor, Angie's List and Handy, and also operates Vimeo, Dotdash and The Daily Beast, among many other online businesses. Co.'s operating segments are MTCH, ANGI, Vimeo, Dotdash and Applications, which are also reportable segments, and within its Emerging & Other reportable segment, Ask Media Group, BlueCrew, The Daily Beast, College Humor Media and IAC Films.
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Strong Buy (3.87 out of 4)
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