People Incorporated PPLI

Company Overview

IAC Inc. is a publicly traded holding company that builds, acquires, and operates digital consumer businesses across multiple internet-driven industries, including online services, media, marketplaces, and technology-enabled platforms. Rather than operating as a single-product company, IAC functions as a diversified incubator and owner of businesses designed to scale independently, often with strong consumer brands and subscription or marketplace-based revenue models. Its approach emphasizes long-term value creation through operational involvement, capital allocation, and strategic spin-offs.

The company’s primary revenue drivers come from majority-owned operating subsidiaries and controlled platforms, most notably Angi Inc., which operates a home services marketplace. Historically, IAC has created value by incubating businesses internally and later separating them into independent public companies, including prior spin-offs such as Expedia Group, Match Group, Vimeo, and Dotdash Meredith. Founded in 1995 and renamed IAC in 2003, the company evolved from a media and ticketing business into a diversified digital holding company under a capital allocation–focused strategy.