BRIEF-IAC Plans To Spin Off Full Stake In Angi, Joey Levin To Leave As Co's CEO

Reuters

01-14

Jan 13 (Reuters) - IAC:

* IAC: PLAN TO SPIN OFF FULL STAKE IN ANGI; EXPECTS TAX FREE TRANSACTION WILL BE IN FORM OF ONE SHARE/ONE VOTE COMMON STOCK OF ANGI

* IAC: JOEY LEVIN WILL LEAVE AS IAC CEO AND BECOME AN ADVISOR; ANGI APPOINTS LEVIN AS EXECUTIVE CHAIRMAN

* IAC: FOLLOWING LEVIN’S TRANSITION, IAC DOES NOT INTEND TO APPOINT A NEW CEO

* IAC: CO, ANGI AFFIRMED PRIOR FINANCIAL EXPECTATIONS FOR Q4

Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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