FAQs

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When was IAC's initial public offering?

IAC did not have an IPO. The company was incorporated in 1986 under the name Silver King Broadcasting Company as a subsidiary of Home Shopping Network. In 1992, Silver King was spun-off to Home Shopping Network shareholders as a separately traded public company. In 1995, Barry Diller became Chairman and CEO of Silver King and over the past decade has led the company's transformation from a hybrid media / electronic retailing company into an interactive commerce company.

Where is IAC traded? What is its ticker symbol and CUSIP number?

IAC common stock is traded on the NASDAQ Stock Market under the symbol IAC. The CUSIP number is 44919P 50 8.

How many shares are outstanding?

As of October 23, 2015 there were 83.0 million absolute and 92.6 million fully diluted shares of IAC common stock outstanding.

How many people are employed by IAC?

IAC had approximately 5,000 employees as of December 31, 2015.

The company has changed its name a number of times. Please walk me through those changes.
February 1998: HSN, Inc. is renamed USA Networks, Inc. (USAI)
May 2002: USA Networks, Inc. is renamed USA Interactive (USAI)
June 2003: USA Interactive is renamed InterActiveCorp (IACI)
July 2004: InterActiveCorp is renamed IAC/InterActiveCorp (IACI)
January 2016: IAC/InterActiveCorp changes ticker symbol to IAC (IAC)

 

Who is IAC's transfer agent and how can I contact them?

Computershare
480 Washington Boulevard, 29th Fl., Jersey City NJ 07310
800-524-4458

I am a shareholder and have a change of address. How can I get this updated?

All personal shareholder information for shareholders holding shares in their own name (as opposed to through a broker or other representative) is handled by our transfer agent, Computershare (800-524-4458).

Has IAC had any stock splits?
Type Transaction Date Record Date
2-for-1 March 26, 1998 March 12, 1998
2-for-1 February 24, 2000 February 10, 2000
1-for-2 August 9, 2005* August 8, 2005
1-for-2 August 20, 2008** August 11, 2008

*immediately prior to the Expedia spin-off
**immediately following the spin-offs of HSN, Inc. ("HSNi"), Interval Leisure Group, Inc. ("ILG"), Ticketmaster, Tree.com, Inc. ("Tree.com")

Does IAC have a Direct Stock Purchase Plan?

No. Shares of IAC stock can be purchased through a broker or a stock purchase service.

How do I determine the cost basis of my IAC shares?

Cost basis is different for every shareholder because it is based upon a number of factors, including when and at what price the shares were obtained, as well as adjustments resulting from corporate actions such as acquisitions, spin-offs, and stock splits that may have occurred during ownership. Accordingly, each shareholder should consult his or her tax advisor to determine their cost basis.

I have a restrictive legend on my stock certificate. How do I get it removed?

The requirements that must be satisfied in order to lift a restrictive legend differ depending upon when, how and from whom you acquired the restricted shares. Accordingly, requests to remove restrictive legends are evaluated on a case by case basis. To request assistance with the removal of a restrictive legend, please contact Investor Relations (212-314-7400), which will arrange for a member of IAC's Legal Department to contact you directly to discuss whether your restrictive legend can be lifted and, if so, what documentation will be required from you and/or your broker (and potentially other advisors, if applicable).

How can I obtain information about my IAC common stock account or transfer ownership of my IAC common stock?

If your shares of IAC common stock are held through your broker, you need to contact him or her directly. If your shares are held in your own name (i.e., not through a broker), all account information, as well as assistance with transactions such as stock transfers, is available through our transfer agent, the Bank of New York (800-524-4458).

What happened to the Ask Jeeves Convertible Notes?

The Ask Jeeves Zero Coupon Convertible Subordinated Notes are due June 1, 2008. Each $1,000 in principal amount of notes is convertible into 37.4813 common shares of IAC (IAC) and 37.4813 common shares of Expedia, Inc. (EXPE). These terms reflect IAC's acquisition of Ask Jeeves on July 19, 2005, IAC's reverse 1-for-2 stock split and the spin-off of Expedia on August 9, 2005. For more information, see the IAC/Ask Jeeves proxy statement dated June 16, 2005 and the IAC/Expedia proxy statement dated June 20, 2005.

What are ticker symbols for each of the Spincos?
Company Ticker
HSN, Inc. HSNI
Interval Leisure Group, Inc. IILG
Ticketmaster TKTM
Tree.com TREE

 

If I owned shares of IAC prior to the spin-offs, what was I entitled to receive in connection with the spin-off?
For every share of IAC common stock held by you prior to the spins, you were entitled to receive 1/5 of a share of common stock of each of HSNi, ILG, and Ticketmaster and 1/30 of a share of common stock of Tree.com.

Immediately following the spin-offs, IAC effected a 1-for-2 reverse stock split. Accordingly, for every one share of IAC that you held prior to the spin-off you will receive 1/2 of a share of IAC following the spins.
Will fractional shares be issued in connection with the spin-offs?
Fractional shares of common stock of HSNi, ILG, Ticketmaster, Tree.com and IAC will not be issued to stockholders. Instead, the distribution agent will aggregate fractional shares into whole shares, sell the whole shares in the open market and distribute the aggregate net cash proceeds of the sales pro rata to each holder who otherwise would have been entitled to receive a fractional share in the spin-offs.
 
How much of the spincos does IAC continue to own?
Zero. Following the close of the market on August 20, 2008, 100% of the capital stock of HSNi, Ticketmaster, ILG and Tree.com was spun-off to IAC stockholders.
What is the payment date?
August 20, 2008. "When-issued" trading in the common stock of each of the spincos and new IAC on The Nasdaq Stock Market, which commenced on August 12, 2008, ceased on the payment date.
What is the ex-dividend date?
August 21, 2008. This is date on which the common stock of each of the spincos and new IAC commenced regular way trading on the The Nasdaq Stock Market.
When will shares of the spincos and IAC purchased in the when-issued and regular way markets settle? The payment date for the dividend and the effective date for the reverse stock split was August 20, 2008. Will those transactions be settled/effected on t
Shares of common stock of the spincos and new IAC purchased from and after August 12, 2008 through the close of the market on August 20, 2008 in the "when-issued" market will settle on August 26, 2008. Shares of common stock of IAC purchased in the regular way market during this timeframe will also settle on August 26, 2008, upon which the holder will receive common stock of the four spincos and such holders IAC common stock holdings will be adjusted to give effect to the one-for-two reverse stock split. The dividend (in the form of shares of common stock of the four spincos) will be settled (on a T+3 basis), and the reverse stock split effected, on August 26, 2008, at which point shares of common stock of the spincos and new IAC will be available to your broker, but not necessarily reflected in your brokerage account. When and how these securities are reflected in your brokerage account depends upon the practices and procedures of your brokerage firm, over which IAC has no control. Accordingly, you must follow up with your broker directly.
How do I determine the cost basis of my IAC shares?
Cost basis is different for every stockholder because it is based upon a number of factors, including when and at what price the shares were obtained, as well as adjustments resulting from corporate actions such as acquisitions, spin-offs, and stock splits that may have occurred during ownership. Accordingly, each stockholder should consult his or her tax advisor to determine their cost basis.
How do I calculate cost basis after the spin-offs of HSN, Inc., Ticketmaster, Interval Leisure Group, Inc. and Tree.com?
While we cannot tell you how to calculate your cost basis for the reasons discussed above, the following data points should assist you with your calculation. For every share of IAC that you owned prior to the spins, you received 1/5th of a share of HSNi, Ticketmaster, ILG and 1/30th of a share of Tree.com. On August 20, 2008, the day before IAC, HSNi, Ticketmaster, ILG and Tree.com began trading as independent public companies, the closing prices of common stocks of each in the "when-issued" market were $15.36, $12.61, $21.64, $14.12 and $7.42, respectively. The resulting split in value between IAC, HSNI, TKTM, IILG and TREE taking into account these prices and the share allocations above was approximately 44%, 14%, 25%, 16%, and 1%, respectively.
Was the spin-off a tax free event for Canadian investors?
We will apply for a ruling from the Canadian taxing authorities requesting that the stock dividend be distributed tax-free to existing Canadian investors. However, there is no guarantee that the Canadian authorities would accept the ruling.
What will remain at IAC?
Immediately following the spin-offs, IAC primarily will be own and operate (i) Ask.com, Citysearch, IAC Advertising Solutions, Evite, and Funweb Products; (ii) Match.com, ServiceMagic and Shoebuy.com; (iii) its emerging businesses, including Black Web Enterprises, BustedTees, CollegeHumor, GarageGames, Gifts.com, Green.com, InstantAction, Primal Ventures, Pronto, Very Short List, Vimeo and 23/6; and (iv) certain investments in unconsolidated entities.
Will I receive physical certificates representing shares of common stock of the spincos following the separation?
No. Following the separation, neither IAC nor any of the spincos will be issuing physical certificates representing shares of the common stock of the spincos. Instead, the distribution agent will issue shares of common stock of the spincos to you or to your bank or brokerage firm on your behalf electronically by way of direct registration in book-entry form. You will either receive a book-entry account statement that reflects your shares of common stock of the spincos or your bank or brokerage firm will credit your account for the shares electronically.
If I owned shares of IAC prior to the separation, what did I receive in connection with the transaction?
Upon close of the transaction, IAC shareholders received one share of “new” IAC common stock and 2.1584 shares of “new” Match Group common stock for each share of IAC common stock held immediately prior to the transaction.
Will fractional shares be issued in connection with the Match separation?

No. There are no fractional IAC shares, as each holder received one share of “new” IAC common stock for each share of “old” IAC common stock.

All Match stockholders will receive cash in lieu of fractional shares of post-Separation Match Group (after aggregating all fractional shares that would otherwise be issuable to such holder).

How much of Match Group does IAC continue to own?
None. Following the close of market on June 30, 2020, IAC does not own any shares of Match Group and the shares of Match Group formerly held by IAC are now held directly by IAC’s shareholders.
What is the cost basis of my IAC shares?
Cost basis is different for every stockholder because it is based upon a number of factors, including when and at what price the shares were obtained, as well as adjustments resulting from corporate actions such as acquisitions, spin-offs, and stock splits that may have occurred during ownership. Accordingly, each stockholder should consult his or her tax advisor to determine their cost basis.
How do I determine the cost basis of my IAC and Match shares after the Match separation?
While we cannot tell you how to calculate your cost basis the following data points should assist you with your calculation. For every share of IAC that you owned prior to the separation, you received one IAC share and 2.1584 Match shares (the exchange ratio). The opening prices of the common stock of IAC and Match on July 1, 2020 (the first date of trading) were $103.00 and $106.00, respectively. The resulting split in value between IAC and Match, taking into account these prices and the exchange ratio above was approximately 31% and 69%, respectively.
Was the Match separation tax-free for IAC shareholders?
The separation transaction was generally treated as a non-taxable event in the United States for federal tax purposes to holders of IAC common stock. IAC did not pursue a determination of eligibility for tax status in any jurisdiction outside of the United States. Accordingly, each non-U.S. shareholder should consult his or her tax advisor to seek non-taxable status on an individual basis. For more information about the tax consequences of the separation, see IAC’s joint proxy statement/prospectus filed with the U.S. Securities and Exchange Commission on April 30, 2020.
What are the ticker symbols for IAC and Match?

IAC’s common stock (CUSIP number 44891N109) began trading under the symbol “IAC” on The Nasdaq Global Select Market on July 1, 2020.

Match Group’s common stock (CUSIP number 57667L107) began trading under the symbol “MTCH” on The Nasdaq Global Select Market on July 1, 2020.

What businesses make up IAC after the Match separation?
IAC continues to hold all of the businesses and investments that it held prior to the separation, other than Match Group and certain financing subsidiaries. These businesses include, as of the date of the separation, Vimeo, Dotdash and Care.com, among many others, and IAC also has majority ownership of Angi, Inc., which includes HomeAdvisor, Angi and Handy.
If I owned shares of IAC prior to the Vimeo Spin-Off, what did I receive in connection with the transaction?
Upon close of the transaction, IAC shareholders received 1.6235 shares of Vimeo common stock for each share of IAC common stock held immediately prior to the closing of transaction.
Will fractional shares be issued in connection with the Vimeo Spin-Off?
No. All IAC stockholders will receive cash in lieu of fractional shares of Vimeo (after aggregating all fractional shares that would otherwise be issuable to such holder in any given account).
How much of Vimeo does IAC continue to own?
None. Following the close of market on May 24, 2021, IAC does not own any shares of Vimeo and the shares of Vimeo formerly held by IAC are now held directly by IAC shareholders.
How do I determine the cost basis of my IAC and Vimeo shares after the Vimeo Spin-Off?

While we cannot tell you how to calculate the cost basis of your IAC and Vimeo shares after the Spin-Off, the following data points should assist you with your calculation. For every share of IAC that you owned prior to the Vimeo Spin-Off, you received 1.6235 Vimeo shares (the Spin-Off exchange ratio). The opening prices of the common stock of IAC and Vimeo on May 25, 2021 (the first date of regular way trading for both securities following the closing of transaction) were $173.77 and $47.15, respectively, for a resulting split in value between IAC and Vimeo of approximately 79% and 21%, respectively.

Cost basis is different for every stockholder because it is based upon a number of factors, including when and at what price the shares were initially obtained, as well as adjustments resulting from corporate actions (such as acquisitions, spin-offs and stock splits, among others) that may have occurred over the course of ownership. Accordingly, IAC stockholders should consult their tax advisors to determine the cost basis of their IAC and Vimeo shares.

Was the Vimeo Spin-Off tax-free for IAC shareholders?
The Vimeo Spin-Off was generally treated as a non-taxable event in the United States for federal tax purposes to holders of IAC common stock. IAC did not pursue a determination of eligibility for tax status in any jurisdiction outside of the United States. Accordingly, non-U.S. stockholders should consult their tax advisors to seek non-taxable status on an individual basis. For more information about the tax consequences of the Vimeo Spin-Off, see the disclosure under the caption “Material U.S. Federal Income Tax Consequences” in the final proxy statement of IAC/InterActiveCorp, Prospectus of IAC/InterActiveCorp and Vimeo Holdings, Inc., and Consent Solicitation of Vimeo, Inc. filed with the U.S. Securities and Exchange Commission on April 8, 2021.
What are the CUSIP numbers and ticker symbols for IAC and Vimeo following the closing of the transaction?

IAC’s common stock continued trading (with a new CUSIP number 44891N 208) under the symbol “IAC” on The Nasdaq Global Select Market from and after May 25, 2021.

Vimeo’s common stock (CUSIP number 92719V 100) began trading under the symbol “VMEO” on The Nasdaq Global Select Market on May 25, 2021.

What businesses make up IAC after the Vimeo Spin-Off?
IAC continues to hold all of the businesses and investments that it held prior to the Vimeo Spin-Off, other than Vimeo and its subsidiaries. These businesses include, as of the date of the Vimeo Spin-Off, Dotdash and Care.com, among many others, and IAC also has majority ownership of Angi, Inc., which includes HomeAdvisor, Angi and Handy.
What are the closing dates and conversion ratios for IAC's acquisitions of previously publicly traded companies (PRC, Ticketmaster, Hotels.com, Expedia, LendingTree and Ask Jeeves)?
Closing DateCompanyConversion Ratio (shares)
April 5, 2000PRC1.08
January 17, 2003Ticketmaster0.935
June 23, 2003Hotels.com2.40
August 8, 2003Expedia1.93875
August 8, 2003LendingTree0.6199
July 19, 2005Ask Jeeves1.2668

Press releases issued in conjunction with these acquisitions can be viewed by clicking on the links above.
What companies has IAC acquired over the past five years and what are the corresponding dates of those acquisitions?
Please see the History page to view a summary of IAC's more significant acquisitions since 1995.
How can I receive an Investor Packet?
You can either fill out the Information Request form and one will be sent to you, or you can download the items directly from the Information Request page.
What if I have additional questions?
You may contact Investor Relations via email at ir@iac.com or via phone by calling 212-314-7400.
What is IAC's dividend policy?

In November 2011, IAC's Board of Directors declared a quarterly cash dividend of $0.12 per share of common and Class B common stock outstanding, which was paid on December 1, 2011 to stockholders of record as of the close of business on November 15, 2011.

In February 2012, IAC's Board of Directors declared a quarterly cash dividend of $0.12 per share of common and Class B common stock outstanding, which was paid on March 1, 2012 to stockholders of record as of the close of business on February 15, 2012.

In May 2012, IAC's Board of Directors declared a quarterly cash dividend of $0.12 per share of common and Class B common stock outstanding, which was paid on June 1, 2012 to stockholders of record as of the close of business on May 15, 2012.

In July 2012, IAC’s Board of Directors declared a quarterly cash dividend of $0.24 per share of common and Class B common stock outstanding, which was paid on September 1, 2012 to stockholders of record as of the close of business on August 15, 2012.

In October 2012, IAC’s Board of Directors declared a quarterly cash dividend of $0.24 per share of common and Class B common stock outstanding, which was paid on December 1, 2012 to stockholders of record as of the close of business on November 15, 2012.

In February 2013, IAC’s Board of Directors declared a quarterly cash dividend of $0.24 per share of common and Class B common stock outstanding, which was paid on March 1, 2013 to stockholders of record as of the close of business on February 15, 2013.

In May 2013, IAC’s Board of Directors declared a quarterly cash dividend of $0.24 per share of common and Class B common stock outstanding, which was paid on June 1, 2013 to stockholders of record as of the close of business on May 15, 2013.

In July 2013, IAC's Board of Directors declared a quarterly cash dividend of $0.24 per share of common and Class B common stock outstanding, which was paid on September 1, 2013 to stockholders of record as of the close of business on August 15, 2013.

In October 2013, IAC's Board of Directors declared a quarterly cash dividend of $0.24 per share of common and Class B common stock outstanding, which is due to be paid on December 1, 2013 to stockholders of record as of the close of business on November 15, 2013.

In February 2014, IAC’s Board of Directors declared a quarterly cash dividend of $0.24 per share of common and Class B common stock outstanding, which was paid on March 1, 2014 to stockholders of record as of the close of business on February 15, 2014.

In April 2014, IAC’s Board of Directors declared a quarterly cash dividend of $0.24 per share of common and Class B common stock outstanding, which was paid on June 1, 2014 to stockholders of record as of the close of business on May 15, 2014.

In July 2014, IAC's Board of Directors increased its quarterly cash dividend over 40% to $0.34 per share of common and Class B common stock outstanding, which was paid on September 1, 2014 to stockholders of record as of the close of business on August 15, 2014.

In October 2014, IAC's Board of Directors declared a quarterly cash dividend of $0.34 per share of common and Class B common stock outstanding, which is due to be paid on December 1, 2014 to stockholders of record as of the close of business on November 15, 2014.

In February 2015, IAC’s Board of Directors declared a quarterly cash dividend of $0.34 per share of common and Class B common stock outstanding, which was paid on March 1, 2015 to stockholders of record as of the close of business on February 15, 2015.

In April 2015, IAC’s Board of Directors declared a quarterly cash dividend of $0.34 per share of common and Class B common stock outstanding, which was paid on June 1, 2015 to stockholders of record as of the close of business on May 15, 2015.

In July 2015, IAC's Board of Directors declared a quarterly cash dividend of $0.34 per share of common and Class B common stock outstanding, which was paid on September 1, 2015 to stockholders of record as of the close of business on August 15, 2015.

Future declarations of dividends are subject to the determination of IAC's Board of Directors.

In October 2015, IAC's Board of Directors declared a quarterly cash dividend of $0.34 per share of common and Class B common stock outstanding, which is due to be paid on December 1, 2015 to stockholders of record as of the close of business on November 15, 2015.

In February 2016, following completion of the Match Group IPO and related debt transactions, IAC’s Board of Directors suspended the quarterly cash dividend program.