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.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IAC:
- IAC’s Dotdash Meredith Receives Clean 2025 Audit Opinion
- IAC price target raised to $44 from $38 at Citi
- IAC/InteractiveCorp Earnings Call: Digital Strength vs. Headwinds
- IAC price target raised to $42 from $39 at UBS
- IAC: Digital Growth, Strategic Asset Focus, and Cost Discipline Underpin Buy Rating Despite Search Headwinds