Angi Spinoff From IAC IAC(IAC) had high hopes when it acquired what was then Angie’s List in 2017 and merged it with its HomeAdvisor unit. The new company, then named ANGI Homeservices, remained publicly traded under the ANGI ticker, though controlled fully by IAC. There were high hopes then, but they haven’t panned out. With the stock down… Read More »
We came across this gem recently while perusing a transcript of IAC/InterActiveCorp’s(IACI) 4th quarter conference call. Diller is indeed a veteran of many spinoffs, including Expedia(EXPE) and its new progeny, TripAdvisor(TRIP) Ross Sandler – RBC Capital Markets Just two quick questions. Barry on that theme of using the past to kind of look at the future, given the… Read More »
Viking Global Investors filed a 13G yesterday, declaring a 6% passive stake in TripAdvisor(TRIP). It appears that the entire stake was purchased quite recently, as former TripAdvisor parent Expedia(EXPE) does not appear in the firm’s most recent 13F-HR, filed on November 14. As far as we can tell, Viking has never filed a 13D to take an active… Read More »
In a transaction we previously discussed here, Expedia(EXPE) will complete the spinoff of TripAdvisor(TRIP) on or around December 20. Immediately prior to the spin, Expedia will execute a 1 for 2 reverse split, and on December 20, TripAdvisor will be added to the S&P 500, replacing Tellabs(TLAB). Expedia, itself spun off several years ago by Barry Diller’s IAC(IAC),… Read More »