IAC announced plans to spin off its full stake in Vimeo, the video hosting and software company, to IAC shareholders.

IAC announced today that it plans to turn Vimeo into an independent, publicly traded company. Last month, IAC CEO Joey Levin wrote a letter to ...

IAC stock boomed on the spinoff news, closing at $183.73, its highest point since October 2019. In addition to Vimeo, its brands include Ask Media, Dotdash and The Daily Beast.

Shares of Barry Diller’s IAC spiked nearly 15 percent Tuesday after it announced plans to spin off Vimeo. The video streamer, which was recently valued at $2.75 billion, will break off from i… ...

At the end of the third quarter, Vimeo had nearly 1.5 million paying subscribers, with over 3,500 enterprise customers, including Amazon, Starbucks, Deloitte, Rite Aid, and Siemens.

Vimeo would become the eleventh company to be spun off from IAC and its predecessors, reports The Wall Street Journal. Two years ago, IAC separated from dating service Match Group.