IAC Shares Jump On News Of Barry Diller’s Return As CEO, Spinoff Of Angi Stake – Deadline

                By <a href="https://deadline.com/author/dade-hayes/"><span>Dade Hayes</span></a>             <br>Business Editor<br>     <a  href="https://deadline.com/tag/barry-diller/"  id="auto-tag_barry-diller"  data-tag="barry-diller"  >Barry DIller</a> is returning as CEO of InterActive Corp., the diversified digital company he founded in 1995.<br>     The company included the leadership news in a broader announcement about finalizing a plan to spin off a stake in home services platform Angi to <a  href="https://deadline.com/tag/iac/"  id="auto-tag_iac"  data-tag="iac"  >IAC</a> shareholders. Joey Levin, who had been IAC&#8217;s CEO, will become executive chairman of Angi.<br>     After the management shuffle and spinoff was revealed after the close of trading, shares in IAC jumped 5% after hours.<br>  Diller, whose previous stint as CEO ended in 2010, had already been serving as chairman of IAC. The company&#8217;s largest holding is <a  href="https://deadline.com/tag/dotdash-meredith/"  id="auto-tag_dotdash-meredith"  data-tag="dotdash-meredith"  >Dotdash Meredith</a>, publisher of People, Southern Living and other outlets once controlled by Time Inc.. It also owns all or part of a range of other digital businesses and has fostered a number of companies that went on to become independent entities.      <div class="admz" id="adm-inline-article-ad-1">                     <div class="adma boomerang" data-device="Desktop" data-width="1">                <div style="min-width:50px;min-height:75px;"   class="pmc-adm-boomerang-pub-div ad-text"   data-priority="10" >    <div id="gpt-dsk-tab-mid-article1-uid0"         class="adw-1 adh-1" data-is-adhesion-ad="">         <script type="application/javascript">

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