Match Parent IAC Announces New Corporate Structure And Ticker

IAC announced a corporate restructuring of its reporting segments on Thursday and said that it will begin trading under a new ticker symbol: IAC. The five segments will include Match Group Inc. , which owns the dating app Tinder and completed its initial public offering in November; HomeAdvisor, a digital marketplace for homes; video, which is headlined by Vimeo and CollegeHumor; publishing, which includes its online media properties, such as about.com and ask.com; and apps, such as SlimWare, which offers subscription desktop software. Shares of IAC were inactive in premarket trade, but they have fallen 25% over the last three months, versus an 8% decline for the S&P 500. Match's shares have fallen 19% since their IPO.