Event JSON
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"https://www.cnbc.com/2024/11/11/iac-exploring-spinoff-of-home-improvement-marketplace-angi.html"
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"IAC exploring spinoff of home improvement marketplace Angi"
],
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"1731359316"
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[
"summary",
"IAC CEO Joey Levin wrote in a letter to shareholders that Angi's economic foundation continues to strengthen, and the company is considering a spinoff that would result in its stake being distributed to shareholders. Angi's revenue declined 16% year over year to $296.7 million during the third quarter, but the company is profitable and on a path to resume revenue growth. IAC has been weighing a spinoff of Angi for several years and has a history of incubating businesses and spinning them off into separate companies."
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"content": "nostr:nprofile1qy3hwumn8ghj7un9d3shjtt5v4ehgmn9wshxkwrn9ekxz7t9wgejumn9waesqgp6nsvcpfvgq0es4q6rzegvvslt0uv2cd5vr08yu0wl9xg57xrzlsul2k9t\nhttps://image.cnbcfm.com/api/v1/image/106024275-1563379399958img_3632.jpg?v=1563379331\u0026w=1920\u0026h=1080\nThe company said there's no specific timeline for when the spinoff will take place, but a transaction would likely occur by the end of IAC's second quarter.\nhttps://www.cnbc.com/2024/11/11/iac-exploring-spinoff-of-home-improvement-marketplace-angi.html",
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