IAC to spin-off Match Group.

InterActiveCorp, a media and internet company, is set to spin-off Match Group, which provides internet-based services. Financial terms were not disclosed. “We’ve grown up tremendously over the last 20 years as part of IAC, from an innovator in a nascent category to a global leader in a fast-growing market with millions of users all over the world. Match Group is in an incredibly strong position as we enter this transaction and we are ready for the next chapter of the company’s journey,” Mandy Ginsberg, Match Group CEO.