Everipedia Logo
Everipedia is now IQ.wiki - Join the IQ Brainlist and our Discord for early access to editing on the new platform and to participate in the beta testing.
IAC (company)

IAC (company)

IAC (InterActiveCorp) is an American holding company, that owns brands across 100 countries, mostly in media and Internet.[2] The company is headquartered in New York City.[3] Joey Levin, who previously led the company's search & applications segment,[4] has served as Chief Executive Officer since June 2015.[5]

Edificio IAC InterActiveCorp.JPG
IAC Building in New York City (2012)
HSN Inc. (1996–1998)
USA Networks Inc.
USA Interactive (2002–2003)
InterActiveCorp (2003–2004)
Traded asNASDAQ: IAC [78]
Russell 1000 Component
PredecessorsSilver King Communications
FoundedAugust 24, 1995 (1995-08-24)
HeadquartersIAC Building,
New York City, New York
Area served
Key people
Barry Diller (Chairman and Senior Executive)
Joey Levin (CEO)
ProductsInteractive media
Mass Media
RevenueIncreaseUS$3.14 billion (2016)
Operating income
DecreaseUS$32.6 million (2016)
Net income
DecreaseUS$41.3 million (2016)
Total assetsIncreaseUS$4.65 billion (2016)
Total equityIncreaseUS$2.01 billion (2016)
Number of employees
7,000[1] (2017)
Websiteiac.com [79]


1980s and 1990s

IAC was established in 1986 as Silver King Broadcasting Company, as part of a plan to increase viewership of the Home Shopping Network (HSN) by purchasing local television stations.[6][7] By 1988, Silver King had bought 11 stations for about $220 million.[7] The company was later renamed as HSN Communications, Inc., and then Silver King Communications, Inc.[6] In 1992, Silver King was spun off to HSN shareholders as a separately traded public company.[8] In August 1995, Barry Diller acquired control of Silver King, in a deal backed by the company's largest shareholder, Liberty Media.[9][10] Diller, who had led the creation of the Fox network, reportedly hoped to use Silver King's stations as the foundation for a new broadcast network.[10]

In December 1996, Silver King acquired an 80% stake in HSN for $1.3 billion in stock, and changed its own name to HSN, Inc.[11][12][13] At the same time, the company acquired Savoy Pictures, a failed film studio that owned four Fox affiliate stations through SF Broadcasting, for $210 million in stock.[14]

The company acquired several assets in the late 1990s. HSN purchased a controlling stake in Ticketmaster Group in July 1997,[15] and then acquired the rest of the company in June 1998.[16][17] In February 1998, it acquired the television assets of Universal Studios (including USA Network, Sci-Fi Channel, and Universal Television's domestic production and distribution arms) for $4.1 billion.[18][19] The company's name was changed to USA Networks, Inc. at this point.[19] Continuing its acquisition strategy, the company acquired the Hotel Reservations Network in May 1999 for $149 million.[20][21]

USA Networks merged the online division of Ticketmaster with city guide website CitySearch in September 1998, establishing a new company that went public as Ticketmaster Online–CitySearch (TMCS).[22][23] USA then sold Ticketmaster proper to TMCS in 2001, retaining a 61 percent share in the combined company, which became known as simply Ticketmaster.[24][25] USA brought Ticketmaster back under full ownership in 2003, purchasing all outstanding shares.[26]


In the early 2000s, USA Networks began divesting itself of its traditional television broadcasting and production units. In May 2001, Univision Communications acquired USA Broadcasting (a division of USA Networks including 13 local stations).[27] The next year, Vivendi bought the rest of USA's broadcast entertainment businesses, including the USA Network and Sci-Fi Channel.[28] This led to the creation of a new company named Vivendi Universal Entertainment, led by Diller.[29] Throughout this transition, USA Networks continued to build up its online portfolio. In July 2001, the company entered the online travel business with its acquisition of Expedia,[30] followed the next year by an acquisition of Interval International.[31]

Following the shift in focus to online assets, the company changed its name to USA Interactive (USAI)[32] in May 2002;[33] InterActiveCorp in June 2003;[34] and finally to IAC/InterActiveCorp in July 2004.[35]

In August 2003, IAC acquired the online mortgage comparison site LendingTree,[36] and in September, the company added discount travel website Hotwire.com to its growing list of acquisitions.[37] In October, IAC agreed to buy French travel site Anyway.com from Transat A.T. for $62.7 million.[38]

In 2004 and 2005, IAC continued its growth through acquisition, adding assets including TripAdvisor,[39] ServiceMagic,[40] and Ask Jeeves.[41] It also launched Gifts.com during this period.[42] In August 2005, the company bundled together its travel-related sites and spun them off as a new public company, Expedia, Inc.[43] Additional acquisitions in 2006 included Shoebuy.com,[44] which the company later sold to Jet,[45] and Connected Ventures including CollegeHumor and Vimeo.[46]

In May 2008, IAC and Ask.com acquired Lexico, the owner of Dictionary.com, Thesaurus.com, and Reference.com.[47] In August 2008, IAC spun off several of its businesses, including: Tree.com (formerly LendingTree), the Home Shopping Network, Ticketmaster, and Interval International.[48]

In 2009, IAC acquired Urbanspoon[49] and People Media,[50] and launched the production company Notional.[51] IAC would later sell Urbanspoon to Zomato in 2015.[52]


IAC's largest shareholder, Liberty Media, exited the company in 2010, following a protracted dispute over the 2008 spinoffs.[53][54] Liberty traded its IAC stock for $220 million in cash, plus ownership of Evite and Gifts.com.[53] On the same day, Diller stepped down as CEO, though he remained as chairman and Match.com CEO Greg Blatt was appointed to succeed him.[53] That same year, IAC acquired dating site Singlesnet[55] and fitness site DailyBurn.[56]

In January 2013, IAC acquired online tutoring firm Tutor.com.[57] On August 3, 2013, IAC sold Newsweek to the International Business Times on undisclosed terms.[58] On December 22, 2013, IAC fired their Director of Corporate Communications, Justine Sacco after an AIDS joke she posted to Twitter went viral,[59] being re-tweeted and scorned around the world.[60] The incident became a byword for the need for people to be cautious about what they post on social media.[61]

In 2014, IAC acquired ASKfm for an undisclosed sum.[62] In November 2018, IAC announced the acquisition of TelTech a software and mobile app company.[63]


In January 2016, IAC categorized its businesses into distinct segments for the purposes of financial reporting. Those segments are labelled by the company as Match Group, Publishing, Applications, Video, and ANGI Homeservices Inc. Each business listed may have multiple brands connected to it.[64]

Match Group

In early 2009, IAC created Match Group, a conglomerate of Match.com and IAC's other dating sites.[65] After its formation, Match Group acquired a number of dating sites, including Singlesnet in 2010,[55] OkCupid in 2011,[66] and PlentyOfFish in 2015.[67] In June 2015, IAC announced its intent to pursue an IPO of Match Group,[68] which officially filed documents for an initial public offering on October 16.[69] Shares of Match Group (MTCH) debuted on the Nasdaq on November 19, and finished that first day up 23% from the initial public offering price of $12.[70]

IAC Publishing

On December 9, 2015, IAC announced the creation of IAC Publishing, a unit that combined The Daily Beast, About.com,[71] Dictionary.com and Investopedia, which it had acquired in 2013,[72] into a single operating group.[73] IN 2018, IAC sold Dictionary.com and Thesaurus.com to Rock Holdings.[74]

ANGI Homeservices Inc.

On May 1, 2017, IAC announced it had entered into a definitive agreement with Angie's List to combine HomeAdvisor, a digital marketplace for maintenance and repair services, and Angie's List into a new publicly traded company, to be called ANGI Homeservices Inc.[75]

See also

  • [[INLINE_IMAGE|//upload.wikimedia.org/wikipedia/commons/thumb/2/2a/Industry5.svg/28px-Industry5.svg.png|//upload.wikimedia.org/wikipedia/commons/thumb/2/2a/Industry5.svg/42px-Industry5.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/2/2a/Industry5.svg/56px-Industry5.svg.png 2x|Industry5.svg|h28|w28|noviewer]] Companies portal


Citation Linkfortune.com"IAC/InterActiveCorp". Fortune. Retrieved 2019-02-28.
Sep 29, 2019, 12:52 PM
Citation Linkweb.archive.org"IAC - CrunchBase". CrunchBase. Archived from the original on 2015-01-07. Retrieved 2015-01-08.
Sep 29, 2019, 12:52 PM
Citation Linkweb.archive.org"Our Brand Locations". IAC. Archived from the original on 2012-12-14. Retrieved 2014-01-28.
Sep 29, 2019, 12:52 PM
Citation Linkweb.archive.org"Joey Levin | IAC". iac.com. Archived from the original on 2015-12-22. Retrieved 2015-12-16.
Sep 29, 2019, 12:52 PM
Citation Linkiac.com"IAC/InterActiveCorp | Leadership of IAC from company website". IAC. Retrieved 2015-12-16.
Sep 29, 2019, 12:52 PM
Citation Linkweb.archive.orgForm 10-K: Annual Report (Report). HSN, Inc. April 14, 1997. p. 3. Archived from the original on 2017-03-03. Retrieved 2017-08-27 – via EDGAR.
Sep 29, 2019, 12:52 PM
Citation Linkinfoweb.newsbank.comJames Greiff (July 4, 1988). "Cable TV broker has a new vision". St. Petersburg Times – via NewsBank.
Sep 29, 2019, 12:52 PM
Citation Linkinfoweb.newsbank.com"HSN completes Silver King spinoff". The Roanoke Times. December 30, 1992 – via NewsBank.
Sep 29, 2019, 12:52 PM
Citation Linkweb.archive.org"Diller Is Cleared To Take Control of Silver King". New York Times. 1996-03-12. Archived from the original on 2015-01-12. Retrieved 2015-01-08.
Sep 29, 2019, 12:52 PM
Citation Linkinfoweb.newsbank.comGeraldine Fabrikant (August 26, 1995). "Return of the fox". Fort Worth Star-Telegram – via NewsBank.
Sep 29, 2019, 12:52 PM
Citation Linkweb.archive.orgMartin Peers (December 19, 1996). "Silver King annexes HSN". Variety. Archived from the original on 2016-02-20. Retrieved 2016-02-13.
Sep 29, 2019, 12:52 PM
Citation Linkinfoweb.newsbank.comMark Albright (August 27, 1996). "HSN is acquired as deal is revamped". St. Petersburg Times – via NewsBank.
Sep 29, 2019, 12:52 PM
Citation Linkweb.archive.orgForm 8-K: Acquisition or disposition of assets (Report). Silver King Communications. December 23, 1996. Archived from the original on 2017-07-10. Retrieved 2017-08-31 – via EDGAR.
Sep 29, 2019, 12:52 PM
Citation Linkinfoweb.newsbank.com"Diller to take over Savoy, Home Shopping". UPI NewsTrack. November 27, 1995 – via NewsBank.
Sep 29, 2019, 12:52 PM
Citation Linkweb.archive.org"HSN, With 50.1%, Has Controlling Stake In Ticketmaster". New York Times. 1997-07-30. Archived from the original on 2014-11-13. Retrieved 2015-01-08.
Sep 29, 2019, 12:52 PM
Citation Linkinfoweb.newsbank.comKevin Shinkle (March 11, 1998). "USA Networks gets deal after boosting bid for Ticketmaster". Fort Worth Star-Telegram. Bloomberg – via NewsBank.
Sep 29, 2019, 12:52 PM
Citation Linkweb.archive.orgForm 10-K: Annual Report (Report). USA Networks, Inc. March 24, 1999. p. 3. Archived from the original on 2017-08-27. Retrieved 2017-08-27 – via EDGAR.
Sep 29, 2019, 12:52 PM
Citation Linkweb.archive.org"Barry Diller Is No Visionary, But..." Fortune Magazine. Archived from the original on 2015-01-14. Retrieved 2015-01-08.
Sep 29, 2019, 12:52 PM
Citation Linkinfoweb.newsbank.com"HSN adds to TV fare; is renamed". The Tampa Tribune. February 13, 1998 – via NewsBank.
Sep 29, 2019, 12:52 PM
Citation Linkweb.archive.org"USA Networks to acquire Hotel Reservation Network". Biz Journals. Archived from the original on 2014-11-13. Retrieved 2015-01-08.
Sep 29, 2019, 12:52 PM