IAC (IAC.US) is considering spinning off the home decoration service platform Angi (ANGI.US), causing the latter's stock price to plummet by 22%.

AASTOCKS · 02:59

US Internet company IAC Group (IAC.US) stated that it is exploring the spin-off of the home decoration service platform Angi (ANGI.US). Currently, there is no specific timetable for the spin-off, but if the decision is made to proceed with the plan, the trade is expected to be completed by the end of the second quarter of next year.

Amid the news, IAC and Angi shares fell by 10% and 22% respectively on Tuesday.

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IAC(IAC.US)考慮分拆家居裝修服務平台Angi(ANGI.US) 後者股價挫22%

IAC (IAC.US) is considering spinning off the home decoration service platform Angi (ANGI.US), causing the latter's stock price to plummet by 22%.

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