Barry Diller's IAC Inc. is spinning off Angi Inc, which connects thousands of consumers to home remodelers, cleaners, ...

IAC, Inc. ($IAC) announced late Monday board approval for the spin-off of its full stake in home services platform Angi, Inc.

The company does not plan to appoint a new CEO, but will have leadership reporting to Diller, chairman of IAC.

The CEO of Barry DIller's InterActive Corp. is departing to become executive chairman of Angi as it spins off from IAC.

Media mogul and IAC chairman Barry Diller is set to run the company following the departure of CEO Joey Levin as part of a ...