IAC offers to buy Angie's List for $512 million
NEW YORK (AP) — IAC/InteractiveCorp., the owner of websites including About.com and HomeAdvisor.com, says it's offering to buy Angie's List for about $512 million to expand its home services providers.
Angie's List lets users research, shop for and rate local plumbers, home cleaners and other home services.
New York-based IAC, which is controlled by billionaire Barry Diller, said Wednesday that it's offered $8.75 for each share of Angie's List stock. That's a 10 premium to its closing price.
Representatives for Indianapolis-based Angie's List weren't immediately available to comment. Shares of company jumped 11 percent to $8.80 in late trading.
IAC's Match Group unit, which includes dating sites and apps Tinder, Match and OkCupid, recently filed for an IPO.