Barry Diller’s
The capital will be used to fund investments in research and development, sales and international expansion, the company said in a statement Thursday. IAC is also considering spinning the unit off to shareholders.
“Fourteen years ago, we acquired Vimeo as part of a small collection of assets for very little capital, and through the creativity, grit, and sheer talent of a group of leaders at Vimeo, the business has become a real ...