IAC says it plans to spin off its full stake in Vimeo, making it an independent, publicly trade company in Q2 2021; IAC stock rises 8.5%+ (Jessica Bursztynsky/CNBC)

Jessica Bursztynsky / CNBC:

IAC says it plans to spin off its full stake in Vimeo, making it an independent, publicly trade company in Q2 2021; IAC stock rises 8.5%+  —  – IAC announced it is spinning off its full stake in Vimeo.  — Vimeo will become an independent publicly traded company after the deal closes, expected in the second quarter of 2021.

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