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IAC has owned Ask.com, Match Group, Dotdash Meredith, and Angi. Its business model is simple and unusual: buy digital brands, build them up, then spin them off. Here is how it works.
IAC built Match Group, Expedia, and Ticketmaster — then spun them all off. What remains is Dotdash Meredith, Angi, and a portfolio generating $3.4 billion in revenue. Here are the 20 brands IAC owns right now.