IAC/Interactive Corp (IAC) to Spin-Off Vimeo to IAC Shareholders

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IAC Announces Plan to Spin-Off Vimeo to IAC Shareholders

December 22, 2020 9:00 AM EST

NEW YORK, Dec. 22, 2020 /PRNewswire/ -- IAC (NASDAQ: IAC) announced today its Board of Directors has approved a plan to spin-off its full stake in Vimeo, the world's leading video software company, to IAC shareholders. Upon completion, Vimeo will become an independent, separately-traded public company, the 11th such company to emerge from IAC and its predecessors.  IAC plans to hold a stockholder meeting in the first quarter of 2021 to review and approve a proposal to implement the spin-off, which, if approved, is expected to occur in the second quarter of 2021.

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