IAC News & Events

IAC announced it has entered into a definitive agreement with an affiliate of Pacific Avenue Capital Partners in which the affiliate would acquire Care.com, one of the largest online marketplaces for finding family care and care jobs and wholly owned subsidiary of IAC, pursuant to which Pacific Avenue has agreed to purchase all of the issued and outstanding shares of Care.com, Inc. capital stock in an all cash transaction with a gross purchase price of approximately $320M. The transaction is expected to close in the first half of 2026. "We've been clear on our plan to sharpen IAC's strategic focus on People Inc. and our MGM stake, while opportunistically monetizing non-core holdings to simplify our portfolio and enhance financial flexibility," said Christopher Halpin, Executive Vice President, COO and CFO of IAC.

IAC announced it has entered into a definitive agreement with an affiliate of Pacific Avenue Capital Partners in which the affiliate would acquire Care.com, one of the largest online marketplaces for finding family care and care jobs and wholly owned subsidiary of IAC, pursuant to which Pacific Avenue has agreed to purchase all of the issued and outstanding shares of Care.com, Inc. capital stock in an all cash transaction with a gross purchase price of approximately $320M. The transaction is expected to close in the first half of 2026.