News

Barry Diller's IAC Sheds Care.com for $320 Million to Boost Lagging Shares

Story Thread|AI Transformation: Corporate Upheaval and Market Realignments

Araverus Team|Monday, March 2, 2026 at 10:10 PM

Araverus Team

Mar 2, 2026 · 10:10 PM

Acquisition · Care.Com · Divestiture · IAC

IAC has entered into a definitive agreement to sell its wholly owned subsidiary, Care.com, to an affiliate of Pacific Avenue Capital Partners for approximately $320 million in cash.

The transaction, expected to close in the first half of 2026, aligns with IAC's strategy to focus on core assets like People Inc. and its MGM stake, while monetizing non-core holdings.

Care.com operates a large online marketplace for family care and care jobs, and was acquired by IAC in 2020. The deal comes as IAC's stock has been trading poorly, with a market capitalization of $2.87 billion.

Financial advisors and legal counsel for both parties have been disclosed. The article also touches upon IAC's recent earnings miss for Q4 2025, exceeding revenue forecasts slightly, and mentions analyst ratings and price targets for IAC stock.

Thread Timeline: AI Transformation: Corporate Upheaval and Market Realignments

Show 25 older articles...

Mar 16, 2026Nvidia Defends AI Crown; Cloud Services Key

Mar 16, 2026Nvidia Targets $1 Trillion AI Chip Market

Mar 16, 2026Nvidia Launches Open-Source AI Agent Platform NemoClaw

Mar 16, 2026AI Inference Spending Surges; Lenovo Leads Server Shift

Mar 16, 2026OpenAI Refocuses on Core Business, Cuts Side Projects

Mar 17, 2026Alibaba Forms Token Hub Group; Eddie Wu Leads

Mar 17, 2026Nordea Restructures: €190M Costs, 1,500 Jobs Impacted

Mar 17, 2026IBM Secures Confluent for $11 Billion AI Push

Mar 17, 2026Microsoft Unifies Copilot AI Teams for Coherence

Mar 19, 2026Samsung Commits $70 Billion to AI Chip Leadership

Mar 19, 2026Alibaba's Qwen AI Dominates, Fuels Future Growth

Mar 19, 2026

Tech Giants Drive Record Bond Issuance for AI

Mar 19, 2026Accenture Beats Q1, AI Bookings Fuel Investor Divide

Mar 19, 2026Bezos's Project Prometheus Seeks Billions for AI Acquisitions

Mar 19, 2026Bezos Seeks $100 Billion for AI Manufacturing Fund

Mar 19, 2026OpenAI Launches Desktop Superapp, Simplifies User Experience

Mar 21, 2026Tech Giants Race AGI, Trillions Invested, Risks Soar

Mar 22, 2026

Bezos Launches $100 Billion AI Fundraising Effort

Mar 22, 2026Google AI Mode Reshapes Search, SEO Strategies

Mar 22, 2026Zuckerberg Builds AI Agent, Flattens Meta Structure

Mar 24, 2026Sorrell: AI, India Drive S4 Capital Future

Mar 24, 2026

Meta Drives AI With Layoffs, $2B Compute Deal

Mar 24, 2026

Meta CTO Bosworth Drives Company's AI-Native Push

Mar 24, 2026OpenAI Halts Sora, Refocuses AI Strategy Ahead of IPO

Mar 24, 2026Block Cuts 40% Jobs; AI Drives Stock Surge

Mar 25, 2026Amazon, OpenAI, Zhipu AI Intensify Agentic AI Race

Mar 25, 2026Google Acquires DeepMind for £400M, Boosts AI

Mar 27, 2026

Google AI Overviews Decimate Publisher Traffic, Revenue

Mar 27, 2026Moonshot AI Eyes Hong Kong IPO, $18 Billion Valuation

Mar 28, 2026OpenAI, Anthropic Leaders' Feud Defines AI Race

Read More On

Barry Diller’s IAC Agrees to Sell Care.comwsj.com

IAC sells Care.com to Pacific Avenue for $320 million - Investing.cominvesting.com

Markets★★★Similarity: 62% · Mar 2

BlackRock-Led Consortium Pays 40% Premium for AES, Betting on AI Power Demand

A consortium of investors including BlackRock’s Global Infrastructure Partners and investment group EQT agreed to acquire AES for $10.7 billion.

Markets★★★Similarity: 61% · Feb 27

CPPIB and Equinix secure $4 billion atNorth deal, capitalizing on surging AI data demand.

The Canada Pension Plan Investment Board takes a 60% stake in the Nordic data-center operator, with digital infrastructure company Equinix owning 40%.

Markets★★Similarity: 60% · Mar 6

Servier Acquires Day One for $2.5 Billion Oncology Push

Servier will pay $21.50 a share in cash, representing a 68% premium to Day One’s closing price Thursday.

Markets★★★Similarity: 60% · Feb 26

WBD's 7% Revenue Drop Intensifies Investor Focus on Netflix, Paramount Bidding War

The media company logged lower revenue in the fourth quarter, driven by declines across each of its segments, as it remained in the middle of a high-stakes bidding war between Netflix and Paramount Skydance.

Barry Diller's IAC Sheds Care.com for $320 Million to Boost Lagging Shares

Thread Timeline: AI Transformation: Corporate Upheaval and Market Realignments

Read More On

Related Articles

BlackRock-Led Consortium Pays 40% Premium for AES, Betting on AI Power Demand

CPPIB and Equinix secure $4 billion atNorth deal, capitalizing on surging AI data demand.

Servier Acquires Day One for $2.5 Billion Oncology Push

WBD's 7% Revenue Drop Intensifies Investor Focus on Netflix, Paramount Bidding War

Barry Diller's IAC Sheds Care.com for $320 Million to Boost Lagging Shares

Thread Timeline: AI Transformation: Corporate Upheaval and Market Realignments

Read More On

Related Articles

BlackRock-Led Consortium Pays 40% Premium for AES, Betting on AI Power Demand

CPPIB and Equinix secure $4 billion atNorth deal, capitalizing on surging AI data demand.

Servier Acquires Day One for $2.5 Billion Oncology Push

WBD's 7% Revenue Drop Intensifies Investor Focus on Netflix, Paramount Bidding War