Membership
Get unlimited digital access. Try it today for only $0.99.
Topics

Barry Diller

IAC offers to buy Angie's List for $512 million

IAC/InteractiveCorp., the owner of websites including About.com and HomeAdvisor.com, says it's offering to buy Angie's List for about $512 million to expand its home services providers.

The deal would combine similar businesses. Angie's List lets users research, shop for and rate local plumbers, home cleaners and other home services. HomeAdvisor.com offers resources for home repair and improvement projects, such as helping find the average project costs across the country and finding professionals for the work.

IAC said Wednesday that it's offered $8.75 for each share of Angie's List stock. That's a 10% premium to its closing price.

The offer comes a month after...

Loading
61°