IAC completed the spin-off of its Angi.

IAC, a company that offers a diverse range of digital products and iconic brands, completed the spin-off of its Angi, a company specializing in residential and commercial services. Financial terms were not disclosed. "The team at Angi has worked very hard to earn the right to stand on its own as an independent public company and we are proud of this accomplishment. Over the last two and a half years, we have significantly improved our customer experience and driven increased profitability and cash flow while focusing on the right things to capture the long-term opportunity ahead. With a healthy balance sheet, we are intensely focused on our mission of Jobs Done Well and delivering on our strategy to return to revenue growth in 2026," Jeff Kip, Angi CEO.