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
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