IAC Proposes To Acquire Angie's List - Quick Facts

(RTTNews) - IAC/InterActiveCorp (IACI) announced it has proposed to acquire all of the outstanding shares of Angie's List, Inc. (ANGI) common stock for $8.75 per share. The company said the combination of Angie's List with HomeAdvisor would create the premier platform in the home services market with over $700 million of revenue and an unparalleled network of active and high quality service professionals capable of delivering consumers a best-in-class experience.

"While we see many benefits of a clear, high-premium, all-cash offer that would deliver immediate liquidity and certain value to your stockholders, we are also prepared to discuss a combination of Angie's List with our HomeAdvisor business. This could be structured as a tax-free exchange for Angie's List stockholders and would allow Angie's List stockholders to participate in the upside resulting from the opportunities available to the combined company," IAC stated.

IAC is a leading media and Internet company. HomeAdvisor is based in Golden, Colo., and is an operating business of IAC.