Welcome to our dedicated page for Iac Interactivecorp news (Ticker: IAC), a resource for investors and traders seeking the latest updates and insights on Iac Interactivecorp stock.
IAC Inc. reports developments for a company-building operating model centered on People Inc., its publishing business, and strategic equity positions in MGM Resorts International and Turo Inc. Recurring updates include quarterly results, earnings-call materials, shareholder communications, portfolio transactions, and governance matters connected to its holdings.
Company news also covers changes in segment presentation for People Inc. digital and print operations, and completed portfolio actions such as the sale of Care.com. The coverage reflects IAC's mix of operating media assets, investment positions, and capital-allocation activity.
People Incorporated (Nasdaq:PPLI), formerly IAC (Nasdaq:IAC), announced its legal name change and new ticker symbol PPLI, effective at the market open on June 4, 2026. Shares continue trading on Nasdaq with the same CUSIP, and no shareholder action is required.
People Incorporated owns America's largest publisher, People Inc., and holds a significant minority stake in MGM Resorts International, reflecting a focus on enduring consumer brands and real-world experiences.
People Incorporated (NASDAQ:IAC) submitted a non-binding proposal to acquire all outstanding shares of MGM Resorts (NYSE:MGM) it does not already own for $48.30 per share in cash.
The offer implies premiums of 24.1% to the 30-day VWAP, 30%+ to the 90-day VWAP, and 10.6% to the latest close. People Incorporated currently owns 26.1% of MGM and expects to fund the deal using existing cash plus new debt and equity, targeting just over 50.1% post-closing ownership, subject to due diligence, financing and regulatory approvals.
IAC (NASDAQ:IAC) will participate in the 54th Annual TD Cowen Technology, Media and Telecom Conference on May 27, 2026. Executive Vice President, COO and CFO Christopher Halpin and People CFO Tim Quinn will join a fireside chat at 3:00 p.m. ET, available via live and replay webcast.
IAC (NASDAQ:IAC) will participate in the 2026 J.P. Morgan Global Technology, Media and Communications Conference on Tuesday, May 19, 2026. Executive leaders Christopher Halpin and Tim Quinn will join a fireside chat at 2:55 p.m. ET, with live and replay webcasts available on IAC's investor relations website.
IAC (NASDAQ: IAC) posted its first-quarter 2026 financial results on its investor relations website and will host a public conference call on Tuesday, May 5, 2026 at 8:30 a.m. EST. Management participants include Barry Diller, Christopher Halpin, Neil Vogel and Tim Quinn. A live audiocast and replay are available at https://ir.iac.com/quarterly-results.
IAC (NASDAQ: IAC) will change its corporate name to People Incorporated, expected by its Q2 earnings in August 2026, and will concentrate on two core assets: its People Inc. digital publishing operations and its strategic equity stake in MGM Resorts (now 26%).
The company cites 10 straight quarters of digital revenue growth, strong EBITDA margins, a proprietary AI ad product D/Cipher, and plans to consolidate staff to reduce overhead while maintaining a strong balance sheet and cash position.
IAC (NASDAQ: IAC) will host a Q1 2026 earnings conference call on May 5, 2026 at 8:30 a.m. EST to discuss first-quarter results.
Barry Diller, Christopher Halpin and Neil Vogel will participate. A live audiocast and replay will be available via the investor relations site at https://ir.iac.com/quarterly-results.
TouchTunes (NASDAQ:IAC) named Andrew “Rusty” Russakoff as Chief Financial Officer, joining the executive team later in March 2026 to lead financial scaling and capital allocation efforts. The appointment supports TouchTunes’ expansion of its mobile app, unified payments, and two new social jukebox products.
Russakoff brings over 15 years of finance, strategy, and technology leadership, including CFO at Angi and senior finance roles at IAC supporting Match Group and Vimeo. He holds an MBA from Columbia Business School and a BA in Engineering from Harvard.
IAC (NASDAQ: IAC) agreed to sell Care.com to an affiliate of Pacific Avenue Capital Partners for a gross purchase price of approximately $320 million in an all-cash transaction. The deal is expected to close in the first half of 2026 and is subject to customary closing conditions.
IAC said the sale supports a strategy to sharpen focus on People Inc. and its MGM stake while monetizing non-core assets to enhance financial flexibility; Pacific Avenue cited plans to scale Care.com's enterprise offerings.
Care.com (NASDAQ:IAC) announced a partnership with Headspace ahead of National Caregivers Day (Feb 20, 2026) to expand mental‑health support for family caregivers. The program includes 10 micro‑mindfulness exercises under three minutes, two free YouTube sessions, a social campaign, and free Headspace subscriptions for the lifetime of new Care.com memberships. Care.com cited its 2026 Cost of Care Report: 90% of parents lost sleep, 89% feel burned out, and 80% think about others nearly every waking hour. From Feb 18–25 the company offers 20% off new recurring plans with code DOUBLE20.