Iac announces plan to spin off angi; reorganizes leadership

Angi announces joey levin will guide angi's next chapter as executive chairman new york and denver , jan. 13, 2025 /prnewswire/ -- iac (nasdaq: iac) announced today its board of directors has approved a plan to spin off iac's full stake in angi (nasdaq: angi), a leading platform for home services, to iac shareholders. iac will also reorganize its leadership: joey levin will leave his role as iac ceo and become an advisor to the company, with the transition expected to occur upon the completion of the spin-off.
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