IAC, Inc. ($IAC) announced late Monday board approval for the spin-off of its full stake in home services platform Angi, Inc.

The company does not plan to appoint a new CEO, but will have leadership reporting to Diller, chairman of IAC.

The CEO of Barry DIller's InterActive Corp. is departing to become executive chairman of Angi as it spins off from IAC.

The leadership reorganization comes as IAC plans to spin off home services platform Angi in the first half of 2025 ...

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