IAC has entered into a definitive agreement to sell its wholly owned subsidiary, Care.com, to an affiliate of Pacific Avenue Capital Partners for approximately $320 million in cash.
The transaction, expected to close in the first half of 2026, aligns with IAC's strategy to focus on core assets like People Inc. and its MGM stake, while monetizing non-core holdings.
Care.com operates a large online marketplace for family care and care jobs, and was acquired by IAC in 2020. The deal comes as IAC's stock has been trading poorly, with a market capitalization of $2.87 billion.
Financial advisors and legal counsel for both parties have been disclosed. The article also touches upon IAC's recent earnings miss for Q4 2025, exceeding revenue forecasts slightly, and mentions analyst ratings and price targets for IAC stock.
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