What Caught Our Attention in the Investment World? – Week of December 21-24, 2020

By Kuldip K. Ambastha

On Tuesday, December 22, 2020, IAC/InterActiveCorp (IAC) delivered a +14.1% return for the day. IAC/InterActiveCorp is an American holding company, headquartered in New York City, NY. The company has a variety of underlying holdings, mainly in the media / Internet arena. The Board of Directors of IAC/InterActiveCorp approved a plan to fully spin-off the company’s stake in Vimeo to shareholders. Vimeo is a leading video software company. After the spin-off is complete, Vimeo will be an independent, focused, pure-play company with an ability to more effectively raise capital to expand. In 1Q2021, IAC/InterActiveCorp will hold a stockholder meeting to discuss and approve the spin-off. In 2Q2021, the spin-off will happen if approved during the stockholder meeting. Investors cheered on this development on Tuesday, December 22, 2020.

Merry Christmas and happy holidays to all of our readers!

Keywords – IAC/InterActiveCorp, InterActiveCorp, IAC, holding company, Vimeo, American, USA, media, Internet, video, software.

Disclosure – The principals and clients of Ambastha Financial LLC have no positions in IAC.

Disclaimer – No recommendations are being made via this post. Past performance is not an indicator of future performance. As an investor, you should do your own research and seek professional advice from a Registered Investment Adviser (RIA). You can lose money by investing in stocks and other instruments. Ambastha Financial LLC does not assume any responsibility (legal or otherwise) for any losses that may occur as a result of actions taken based on this post. All content copyrighted © 2020 – Ambastha Financial LLC.

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