Investing.com investing.com 22 Dec, 2020 18:45 am

Vimeo to Spread its Wings, Lifting IAC Higher By Investing.com

Vimeo to Spread its Wings, Lifting IAC Higher By Investing.com
Vimeo to Spread its Wings, Lifting IAC Higher

IAC plans to hold a stockholder meeting in the first quarter of 2021 to review and approve a proposal to implement the spin-off, which, if approved, is expected to occur in the second quarter of 2021.IAC had said in November that it was looking at spinning off Vimeo, at the time valued at $2."It's time for Vimeo to spread its wings and become a great independent public company," said IAC Chief Executive Officer Joey Levin in a statement The separation is expected to afford numerous benefits, such as the creation of "pure-play" Vimeo equity currency through which the company could more effectively raise capital as it aims to invest further in product, technology, enterprise sales and international expansion and pursue strategic acquisitions.Amazon shuts New Jersey facility till Dec.

com Inc (NASDAQ:AMZN) said on Sunday it had closed one of its warehouses in New Jersey out of caution till Dec.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.

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