# IAC Inc.

IAC Inc. is a Media and Internet based in New York, United States.

## Overview

- **Organization type:** Media and Internet
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 1995
- **Assets under management:** ~$2B–$3B (Altss estimate)
- **Website:** iac.com
- **LinkedIn:** https://www.linkedin.com/company/iac

## Regulatory record

- **Reports private funds:** No

## About

Barry Diller founded IAC in 1995 as an interactive media company, consolidating brands such as Home Shopping Network and Ticketmaster before spinning them out. The modern IAC operates as a holding company rather than a family office, with Joey Levin as CEO since 2015 and Diller as chairman. IAC's strategy centers on acquiring controlling stakes in digital businesses, optimizing cash flows, and then spinning or selling them. Major holdings have included Match Group (spun out in 2020), Angi Inc. (formerly Angie's List), and Care.com. The company also holds Mosaic Group, a mobile app developer, and has minority positions in companies like Wellframe and The Society of Digital Agencies. Its geographic footprint is primarily North America with some European exposure through brands like Meetic. IAC disclosed nearly $3.3B in cash and marketable securities as of year-end 2024 (per SEC filings). The company maintains a lean corporate staff of fewer than 100 professionals at its New York HQ. Adjacent vehicles include the Barry Diller Family Foundation and a philanthropic commitment through the Diller-von Furstenberg family. In February 2024, IAC announced the acquisition of SpotBit, a digital health platform, adding to its portfolio of digital services. IAC's structural differentiator is its permanent capital base — it holds public company stakes that generate free cash flow with no fixed fund life, allowing it to hold assets indefinitely. This model gives it patience advantages over private equity and venture capital vehicles that must return capital within 10-year cycles.

## Sectors

- Enterprise Software
- Media & Entertainment
- Consumer Web
- FinTech

## People

- Barry Diller — Chairman
- Joey Levin — CEO
- Christopher Halpin — CFO, Executive VP & COO

## Questions

### Who runs investment decisions at IAC?

CEO Joey Levin leads corporate strategy and deal execution, working with chairman Barry Diller. The executive team, including CFO Christopher Halpin, evaluates acquisitions and capital allocation. The board of directors has oversight, with Diller holding significant voting power.

### How does IAC source proprietary deal flow?

IAC's operating companies — including Match Group and Angi Inc. — generate proprietary relationships with entrepreneurs and management teams. The company also screens inbound opportunities from investment banks and direct outreach. Its permanent capital base allows it to act as a long-term holder, which some sellers prefer over three-to-five-year private equity funds.

### Does IAC participate in fund commitments or only direct acquisitions?

IAC primarily makes direct controlling or majority acquisitions of operating businesses, not limited partner commitments to external funds. It also holds minority positions in private and public companies. The company does not publicly report making fund investments beyond its operating subsidiaries.

### Which sectors does IAC explicitly avoid?

IAC focuses on digital services and technology-enabled consumer businesses. It avoids capital-intensive industries like manufacturing, infrastructure, real estate development, and regulated financial services beyond fintech. The company has not publicly disclosed a hard list of excluded sectors, but its portfolio has consistently centered on software, media, and online services.

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/iac-inc

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