IAC/InterActiveCorp, commonly known as IAC, is a multinational conglomerate that was founded in 1995 by Barry Diller. The company is based in New York City and operates as a holding company for various online media and internet companies. IAC's primary focus is on the digital media and technology sectors, and it has a diverse portfolio of brands across different industries.
IAC is involved in a wide range of businesses and has holdings in companies such as Match Group (owner of popular dating apps like Tinder and Match.com), ANGI Homeservices (home services marketplace), Vimeo (video hosting and sharing platform), and Dotdash (online publishing). The company's strategy is to acquire and incubate promising internet businesses and provide them with the resources and expertise to grow and succeed.
IAC went public in 1999 during the dot-com boom, listing its shares on the NASDAQ stock exchange under the ticker symbol "IACI." The IPO allowed IAC to raise capital and provided an avenue for investors to participate in its portfolio of online businesses. Over the years, IAC has continued to expand its holdings through acquisitions, strategic partnerships, and investments, solidifying its position as a major player in the digital media and technology landscape.
As a holding company, IAC provides operational support and resources to its portfolio companies, including strategic guidance, financial backing, and access to its extensive network of industry contacts. This approach allows IAC to leverage its expertise and scale to drive growth and create value across its businesses. By nurturing and fostering the growth of its subsidiaries, IAC aims to position itself at the forefront of the evolving digital economy.
IAC's success lies in its ability to identify emerging trends and capitalize on them through its portfolio of companies. The conglomerate has a track record of investing in innovative businesses and helping them reach their full potential. By staying adaptable and responsive to market changes, IAC has managed to navigate the dynamic digital landscape and stay ahead of the competition.