Pursuits
Barry Diller’s IAC Plans IPO of Match.com Dating Businesses
Barry Diller's IAC Pursue Match Group IPO
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IAC/InterActiveCorp plans an initial public offering of its Match.com unit, a move telegraphed about 18 months ago when Barry Diller combined all of his dating services into a separate business.
The board has approved the IPO, the New York-based company said Thursday. Match Group will sell less than 20 percent of its common stock in the transaction, expected to complete in the fourth quarter. IAC shares rose 5.1 percent to the highest closing price in at least 22 years.