IAC (IAC) and Angi (ANGI) announced the successful completion of the spin-off of IAC’s full ownership stake in Angi. As a result of the spin-off, IAC’s former interest in Angi is now held directly by IAC’s shareholders, and Angi is an independent, publicly traded company. April 1 also marks Joey Levin’s transition from IAC CEO. Effective on the spin-off, Levin became Executive Chairman of Angi, where, as senior executive, he will work in partnership with Angi CEO Jeff Kip and the Angi senior management team to accomplish the company’s strategic objectives. Levin will remain an advisor to IAC.
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