Though it is often counted as a digital group in its own right, IAC (or InterActive Corporation) is primarily an umbrella for the diverse portfolio of investments of media mogul Barry Diller, closer in nature to Warren Buffett's Berkshire Hathaway than to integrated digital media groups like Google or Facebook. Several of these have outgrown the umbrella structure for one reason or another and been floated as separate companies. That process kicked off in 2005 when IAC demerged its collection of travel-related businesses into a standalone unit, Expedia Inc. One of these, TripAdvisor, was itself spun out a few years later. In 2008, IAC completed a string of further divestitures, separating out the cable TV service Home Shopping Network (HSN), global ticket agency Ticketmaster, and consumer finance site Lending Tree as standalone companies. They have been replaced by new launches and acquisitions, with the result that IAC still houses more than 150 different online brands and products. The best-known are dating site Match.com and its spin-off service Tinder, video streaming archive Vimeo and irreverent culture and politics commentator The Daily Beast.
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|DotDash||The Daily Beast|
Adbrands Weekly Update 3rd May 2018: The biggest news from Facebook's first F8 developer conference was the revelation that the social media giant is to launch a new dating service aimed at the 200m or so users who currently identify themselves as "single" on their profiles. "This is for building real long-term relationships, not just hookups," said CEO Mark Zuckerberg. It's certainly an unexpected development considering Facebook's current issues with privacy. "We're surprised at the timing, given the amount of personal and sensitive data that comes with this territory," said Mandy Ginsberg, CEO of leading dating site operator Match.com, which also owns Tinder and OKcupid. "We understand this category better than anyone. Facebook's entry will only be invigorating to all of us," said her boss Joey Levin, CEO of parent group IAC. "Their product could be great for US-Russia relationships," he added in a dig at the allegations that Russian agents used Facebook to spread electoral discord during the recent Presidential election. Yet jokes aside, the news sent a chill wind through Match.com and IAC investors. Match.com's shares plunged by 22% in the wake of Facebook's announcement, and IAC was down 17%.
Adbrands Weekly Update 11th Jan 2018: Ads of the Week "The Invention of Together". Yes, even Tinder has an ad campaign to launch the New Year. Here's an adorable film from animation house Buck which aims to illustrate the history of dating all the way from prehistory to yesterday afternoon. It's a charming little tale, aimed at repositioning the widely used app as a tool for romance and long-term relationships instead of just hook-ups and one-off dates.
Adbrands Weekly Update 12th Nov 2015: Interactive group IAC is to issue an IPO of around 14% of the shares in its dating division Match Group, owner of the Match, Tinder, Meetic, okCupid and other online dating brands. The float is expected to raise around $465m to pay down debt and will value Match at around $3bn.
Adbrands Weekly Update 21st Aug 2014: Barry Diller's IAC digital group has acquired controversial social media service Ask.fm for an undisclosed sum. The site, which allows users to post anonymous personal questions and answers, was the subject of several accusations of cyber-bullying last year. IAC said it will implement a new system to protect users from bullying as well as inappropriate content. Founders Ija and Mark Terebin are leaving the business and it will be aligned with the (unrelated) Ask.com search engine, which IAC already owns, alongside dating sites including Match.com and Tinder and video portal Vimeo. Ask.com CEO Doug Leeds said "We have a vision for the site that is different to what the Ask.fm founders had. They had a libertarian, laisser-faire approach to content on the site. Our view is you can't have free expression if you're burdened by inappropriate and unsafe content."
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