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Apollo-Backed EmployBridge to Acquire Bluecrew From IAC

  • Newly combined company to generate $4 billion in revenue
  • IAC will remain minority stakeholder in staffing business
Updated on

IAC Inc. has agreed to sell its app-based Bluecrew business to EmployBridge, an industrial-staffing company backed by Apollo Global Management Inc. 

IAC will keep a minority stake in the combined company, which will generate more than $4 billion in pro-forma revenue, according to a statement Tuesday reviewed by Bloomberg.