====Care.com (CRCM) to be acquired by IAC (IAC) for $500M

Dec 20, 2019
New York-based media and internet holding company IAC is acquiring the online marketplace Care.com Inc. in an all-cash transaction valued at $500 million, the companies announced Friday.

Waltham-based Care.com, which seeks to match caregivers with families, launched in 2007 and became a public company in January 2014. The company also has offices in San Francisco, Berlin and Austin.

Its matching services cover senior care, child care, pet care and housekeeping, among others. The company said its network includes 19.8 families and 14.3 million caregivers.

IAC (Nasdaq: IAC) is acquiring Care.com (NYSE: CRCM) for $15 per share, a 34 percent premium to the company’s closing stock price on Oct. 25. IAC has majority ownership in companies that covers travel, dating and home services such HomeAdvisor, and Angie’s List. Earlier this year, IAC said it plans to spin off its majority stake in the Match Group, which includes the dating services Tinder, Match, OkCupid and Hinge.

This week's biggest % winners & losers: May 1 - 5, 17 (wk 18)

The following are this week's top 20 percentage gainers and top 20 percentage losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top 20 % gainers

• Healthcare: MOH (66.43 +33.42%), MYGN (22.38 +21.7%), EXAS (35.43 +18.06%), FOMX (4.93 +17.1%)
• Industrials: ATSG (22.99 +25.01%), KTOS (9.08 +19.16%), HSC (15.55 +19.16%), SPXC (28.29 +17.58%), PBI (15.49 +16.55%)
• Consumer Discretionary: CHGG (11.49 +27.52%), RH (57.15 +19.14%), NYT (16.95 +17.3%)
• Information Technology: ANGI (10.71 +82.14%), FORM (14.25 +28.38%), OLED (111.3 +24.57%), IAC (100.45,  +21.01%), MELI (275.16 +20.2%), FEYE (14.82, +18.47%), FSLR (34.54 +16.89%)
• Telecommunication Services: STRP (161.49 +25.32%)

This week's top 20 % losers

• Healthcare: ITCI (9.35 -32.34%), MEDP (22.98 -27.53%), PBYI (30.7 -24.38%), CERS (3.33 -23.45%), CRIS (1.89 -21.9%), AMAG (19.1 -21.72%), PGNX (6.43 -18.81%), KPTI (8.32 -18.59%)
• Materials: RYI (10 -27.01%)
• Industrials: ARCB (19.75 -25.33%)
• Consumer Discretionary: NCMI (8.67 -27%), PBPB (11.35 -18.64%)
• Information Technology: TWLO (23.97 -27.47%), AMD (10.19 -23.38%)
• Energy: CIE (0.31 -21.89%)
• Consumer Staples: REV (19.3 -25.63%), AVP (3.7 -23.71%)
• Telecommunication Services: NIHD (0.47 -45.26%), FTR (1.46 -22.34%), S 

=Angie's List (ANGI) to be acquired by IAC for over $500 million

• Update September 2017:  The new publicly traded company is called ANGI Homeservices Inc. Shares started trading in early October, 2017.

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• IAC, which owns sites like Match.com, Tinder and The Daily Beast, will merge Angie's List with its own reviews site HomeAdvisor. The newly combined, publicly-traded company will be named ANGI Homeservices and both the Angie's List and HomeAdvisor brands will be retained.
• In late 2015, IAC InterActive offered a $512 million cash buyout to acquire Angie’s List, but that offer was rejected.

    

Angie's List on Monday agreed to be acquired by IAC, the parent company of rival HomeAdvisor, for more than $500 million. The deal comes about a year and a half after Angie's List rejected a $512 million offer from IAC.

The deal, expected to close in the fourth quarter, is the end of an era for Indianapolis' best-known technology company. The new publicly traded company will be called ANGI Homeservices Inc. and will be headquartered in Golden, Colo. HomeAdvisor CEO Chris Terrill will lead the company.

The arrangement raises questions about the future of Angie's List's massive footprint in Indianapolis, as well as how many employees will remain with the combined company. IAC expects to cut $50 million to $75 million a year in costs by the end of 2018.