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IAC/InterActiveCorp

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IAC/InterActiveCorp

IAC/InterActiveCorp
Public
Traded as IACI
Industry Internet
Founded 1995
Headquarters New York City, U.S.
Area served Worldwide
Key people

Barry Diller
(Chairman) & (Senior Executive)

Greg Blatt
(CEO)
Products Interactive Online
Revenue Increase $2.8 billion as of 2012
Operating income Increase $ 323.57 million as of 2012
Net income Increase $ 159.27 million as of 2012
Total assets Increase $ 3.81 billion as of 2012
Total equity Decrease $ 1.71 billion as of 2012
Employees 4,200 as of January 2013
Website http://www.iac.com


IAC/InterActiveCorp (also known as IAC) is an American internet company with over 50 brands across 40 countries headquartered in New York City.[1] The Chairman and Senior Executive is Barry Diller,[2][3] who was previously head of Paramount Pictures, Fox Broadcasting, and USA Broadcasting.

History

IAC was incorporated in 1986 under the name Silver King Broadcasting Company, as a subsidiary of the Home Shopping Network. In 1992, Silver King was spun-off to Home Shopping Network shareholders as a separately traded public company.

The company was originally named HSN, Inc. Its name was changed to USA Networks, Inc. in February 1998; to USA Interactive in May 2002; to InterActiveCorp in June 2003; and finally to IAC/InterActiveCorp in July 2004.

In October 2003, Transat A.T. Inc. entered into an agreement to sell its French subsidiary Anyway.com (www.anyway.com) to IAC/InterActiveCorp, for an enterprise value of (euro)53 million (approximately CAD$81.6 million, $62.7 million USD). [4]

In August 2008, IAC spun off several of its businesses, including: Tree.com (

In February 2011, IAC acquired the free-to-contact dating site, OkCupid, for $50 million.[6]

In April 2011, IAC extended the deal with Google to hand over all search advertising on Ask.com and other IAC search products to the search giant, which was worth $3.5 billion in 2007, to end on March 31, 2016.[7]

On February 14, 2012, Barry Diller introduced Aereo, an Internet television service. In March 2012 in New York City, Aereo will stream all of the broadcast networks to smartphones, tablets and televisions with Internet capability.[8]

On August 26, 2012, IAC acquired About.com (The About Group) from The New York Times.[9]

On August 3, 2013, IAC sold Newsweek to IBT on terms that were not disclosed.[10]

Businesses

IAC owns a number of companies and websites including:[11]

Notes

External links

Companies portal
  • IAC's Official website

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