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People Incorporated

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People Incorporated
Formerly
  • Silver King Broadcasting Company, Inc.
  • HSN Inc. (1996–1998)
  • USA Networks Inc. (1998–2002)
  • USA Interactive (2002–2003)
  • InterActiveCorp (2003–2004)
  • IAC/InterActiveCorp (2004–2022)
  • IAC Inc. (2022–2026)
TypePublic
ISINUS44891N2080[1]
IndustryConglomerate
PredecessorsSilver King Communications
FoundedJuly 28, 1986; 40 years ago (1986-07-28)
HeadquartersIAC Building,
New York City
,
United States
Area served
Worldwide
Key people
Barry Diller (chairman)
Products
RevenueDecrease US$2.39 billion (2025)
Decrease −US$97 million (2025)
Negative increase −US$104 million (2025)
Total assetsDecrease US$7.13 billion (2025)
Total equityDecrease US$4.73 billion (2025)
Number of employees
5,156 (2025)
Subsidiaries
Websitepeople-incorporated.com
Footnotes
[2]

People Incorporated[3] is an American conglomerate that owns People Inc., Vivian Health, The Daily Beast, IAC Films, 26.1% of MGM Resorts International (with a proposal of a complete acquisition), and 31% of Turo.[2]

The company was founded in 1986 as Silver King Broadcasting Company and in 1996 became HSN Inc., the holding company of Home Shopping Network. In 1998, the company acquired USA Network and changed its name to USA Networks, Inc. It sold its television assets to Vivendi in 2002 and changed its name to USA Interactive. The company changed its name to InterActiveCorp, and later to IAC/InterActiveCorp in 2004. In 2012, the company acquired About.com and changed its name to IAC Inc. In June 2026, the company changed its name to People Incorporated.

The company is organized in Delaware with principal executive offices in New York City.[2]

History

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1980s and 1990s

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The company was incorporated on July 28, 1986 as Silver King Broadcasting Company, Inc., a subsidiary of Home Shopping Network.[4][5]

By 1988, Silver King had bought 11 stations for about $220 million.[5] The company was later renamed as HSN Communications, Inc., and then Silver King Communications, Inc.[4]

In 1992, HSN completed the corporate spin-off of Silver King to its shareholders.[5]

In August 1995, Barry Diller acquired control of Silver King in a deal backed by the company's largest shareholder, Liberty Media.[6] Diller, who had led the creation of Fox Broadcasting Company, reportedly hoped to use Silver King's stations as the foundation for a new broadcast network.

In December 1996, Silver King acquired an 80% stake in HSN for $1.3 billion in stock, and Silver King was renamed HSN, Inc.[7][8] At the same time, the company acquired Savoy Pictures, a failed film studio that owned four Fox affiliate stations through SF Broadcasting, for $210 million in stock.[9]

HSN purchased a controlling stake in Ticketmaster in July 1997,[10] and acquired the rest of the company in June 1998.[11]

In November 1997, the company launched the Spanish Shopping Network in partnership with Univision.[12]

In February 1998, it acquired the television assets of Universal Pictures (including USA Network, Sci-Fi Channel, and Universal Television's domestic production and distribution arms) for $4.1 billion.[13] [14] In January 1998, the company's name was changed to USA Networks, Inc.[12]

The company acquired the Hotel Reservations Network in May 1999 for $149 million.[15][16]

USA Networks merged the online division of Ticketmaster with Citysearch in September 1998, establishing a new public company, Ticketmaster Online–CitySearch (TMCS).[17] USA Networks sold Ticketmaster to TMCS in 2001, retaining a 61% share in the combined company, which became known as simply Ticketmaster.[18] USA Networks reacquired full ownership of Ticketmaster in 2003.[19]

2000s

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In May 2001, Univision Communications acquired USA Broadcasting, a division of USA Networks including 13 local stations.[20] The next year, Vivendi bought the rest of USA's television entertainment businesses, including the USA Network and Sci-Fi Channel.[21] This led to the creation of a new company named Vivendi Universal Entertainment, led by Diller.[22]

In July 2001, the company entered the online travel business with its acquisition of Expedia,[23] followed the next year by the acquisition of Interval International.[24]

In May 2002, following the shift in focus to online assets, the company changed its name to USA Interactive (USAI).[25] It was renamed InterActiveCorp in June 2003.[26] It was renamed IAC/InterActiveCorp in July 2004.[27]

In August 2003, IAC acquired LendingTree for $734 million in stock.[28] In September 2003, the company acquired Hotwire.com for $685 million.[29][30]

In October 2003, IAC agreed to buy French travel site Anyway.com from Transat A.T. for $62.7 million.[31][32] In March 2004, the company acquired Tripadvisor for $212 million.[33][34] In August 2004, the company acquired ServiceMagic.[35] In March 2005, it acquired Ask Jeeves for $1.85 billion in stock.[36][37][38] Also in March 2005, it launched Gifts.com.[39]

In August 2005, the company bundled together its travel-related sites and spun them off as a new public company, Expedia, Inc.[40]

In January 2006, the company acquired ShoeBuy.com for an undisclosed sum,[41] which the company sold to Jet for $70 million in January 2017.[42]

In August 2006, the company acquired a controlling stake in Connected Ventures, owner of CollegeHumor and Vimeo, for $21 million.[43]

In September 2007, IAC acquired a majority stake in GarageGames.[44]

In May 2008, IAC and Ask.com acquired Lexico, the owner of Dictionary.com, Thesaurus.com, and Reference.com, for approximately $100 million in cash.[45]

In August 2008, IAC spun off several of its businesses, including: Tree.com (formerly LendingTree), the Home Shopping Network, Ticketmaster, and Interval International.[46]

In April 2009, IAC acquired Urbanspoon.[47] It acquired People Media for $80 million in July 2009.[48] Also in July 2009, the company launched Notional, a production company.[49]

2010s

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In February 2010, IAC's Match.com acquired Singlesnet, an online dating site.[50]

In May 2010, the company acquired DailyBurn, a fitness site.[51] The company sold a majority interest in DailyBurn to founder Andy Smith in July 2022.[52]

In December 2010, following a protracted dispute over the 2008 spinoffs, Liberty traded its IAC stock for $220 million in cash, plus ownership of Evite and Gifts.com. On the same day, Diller stepped down as CEO but remained chairman, and Match.com CEO Greg Blatt was appointed to succeed him.[53]

In 2012, IAC acquired People Inc., (then called About.com). In 2017, IAC renamed it Dotdash.

In January 2013, IAC acquired Tutor.com for a reported price of just under $40 million.[54][55]

In August 2013, IAC sold Newsweek to the International Business Times on undisclosed terms.[56]

In December 2013, IAC fired Justine Sacco, director of corporate communications, after she posted an AIDS joke regarding her upcoming trip to Africa to Twitter, which went viral.[57][58] The incident became a byword for the need for people to be cautious about what they post on social media.[59]

In June 2014, the company acquired HowAboutWe.[60] In August 2014, IAC acquired ASKfm for an undisclosed sum.[61][62]

IAC sold Urbanspoon to Zomato in January 2015 for around $50 million.[63]

In November 2015, IAC completed the initial public offering of Match Group.[64]

In May 2017, HomeAdvisor combined with Angie's List, forming ANGI Homeservices Inc. The company became a public company in October 2017. In October 2018, ANGI acquired Handy.[65]

In January 2019, IAC sold Citysearch parent CityGrid to eLocal.[66]

In July 2019, IAC invested $250 million in Turo.[67]

In August 2019, the company acquired NurseFly for $15 million.[68]

2020s

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In January 2020, IAC withdrew its financial backing for CollegeHumor and its sister websites and sold the websites to Chief Creative Officer Sam Reich; IAC remains a minority owner of Reich's rebranded company Dropout. As a result of the restructuring, more than 100 employees of CollegeHumor were laid off.[69]

In February 2020, IAC acquired Care.com for an enterprise value of $500 million.[70]

In July 2020, Match Group was separated from the remaining businesses of IAC, including the corporate spin-off of the company.[71]

In August 2020, IAC acquired a 12% stake in MGM Resorts International for approximately $1 billion.[72] In February 2022, it paid $202.5 million to increase its share to 14.4%. It increased the stake to 16.5% in August 2022.[73]

In May 2021, IAC completed the spin-off of Vimeo, the 11th company to be spun-off from IAC.[74]

In December 2021, IAC acquired Meredith Corporation's National Media Group for $2.7 billion.[75] Meredith (and the former Time Inc.) was merged with IAC subsidiary Dotdash, forming a new entity called Dotdash Meredith.[76]

In August 2022, IAC changed its legal entity (IAC/InterActiveCorp) to IAC Inc. In October, IAC agreed to sell its workforce-as-a-service platform Bluecrew to EmployBridge with IAC remaining a minority shareholder in Bluecrew's business.[77]

In March 2026, IAC sold Care.com to an affiliate of Pacific Avenue Capital Partners for $320 million.[78][79][80]

In June 2026, IAC was renamed People Incorporated.[3] Neil Vogel, who has been CEO of the People business segment, became CEO of the entire company.[81]

Also in June 2026, the company offered to acquire the remaining shares of MGM Resorts International that it did not already own.[82]

Brands

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People Inc.

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Emerging & Other

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See also

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References

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  1. ↑ "Deutsche Börse Xetra - XFRA : ISIN Change". Retrieved April 12, 2025.
  2. 1 2 3 "IAC: 2025 Form 10-K Annual Report". United States Securities and Exchange Commission. February 20, 2026.
  3. 1 2 "IAC is Now People Incorporated with New Ticker Symbol" (Press release). PR Newswire. June 4, 2026.
  4. 1 2 Form 10-K: Annual Report (Report). United States Securities and Exchange Commission. April 14, 1997. p. 3. Archived from the original on March 3, 2017.
  5. 1 2 3 Osman, Jim (January 4, 2022). "IAC/InterActiveCorp Is A $12 Billion Company That Has Created $128 Billion Worth Of Value. Shareholders Can Expect A Lot More. Here's Why". Forbes.
  6. ↑ "Diller Is Cleared To Take Control of Silver King". The New York Times. Associated Press. March 12, 1996. Archived from the original on January 12, 2015.
  7. ↑ Martin Peers (December 19, 1996). "Silver King annexes HSN". Variety. Archived from the original on February 20, 2016. Retrieved February 13, 2016.
  8. ↑ Form 8-K: Acquisition or disposition of assets (Report). United States Securities and Exchange Commission. December 23, 1996. Archived from the original on July 10, 2017.
  9. ↑ "Diller to take over Savoy, Home Shopping". United Press International. November 27, 1995.
  10. ↑ "HSN, With 50.1%, Has Controlling Stake In Ticketmaster". The New York Times. July 30, 1997. Archived from the original on November 13, 2014.
  11. ↑ Form 10-K: Annual Report (Report). United States Securities and Exchange Commission. March 24, 1999. p. 3. Archived from the original on August 27, 2017.
  12. 1 2 "HSN AND UNIVISION PLAN JOINT VENTURE FOR HISPANIC TV SHOPPING CHANNEL". Women's Wear Daily. November 11, 1997.
  13. ↑ Fabrikant, Geraldine (October 21, 1997). "Diller's HSN In $4.1 Billion TV Asset Deal". The New York Times.
  14. ↑ Littleton, Cynthia; Hontz, Jenny (February 11, 1998). "U TV home at last". Variety.
  15. ↑ "USA Networks to acquire Hotel Reservation Network". American City Business Journals. April 12, 1999. Archived from the original on November 13, 2014.
  16. ↑ Form 10-K: Annual Report (Report). United States Securities and Exchange Commission. March 2, 2000. p. 69. Archived from the original on August 27, 2017.
  17. ↑ Form S-1: Registration Statement (Report). United States Securities and Exchange Commission. September 30, 1998. p. 5. Archived from the original on February 26, 2017.
  18. ↑ "Ticketmaster Online–CitySearch and Ticketmaster close transaction" (Press release). United States Securities and Exchange Commission. January 31, 2001. Archived from the original on August 27, 2017.
  19. ↑ "USA INTERACTIVE COMPLETES ACQUISITION OF TICKETMASTER" (Press release). United States Securities and Exchange Commission. January 17, 2003.
  20. ↑ "U.S. Approved Univision Deal". The New York Times. May 9, 2001. Archived from the original on December 14, 2014. Retrieved January 15, 2015.
  21. ↑ "Vivendi Completes USA Deal". Los Angeles Times. May 8, 2002. Archived from the original on December 28, 2014. Retrieved January 15, 2015.
  22. ↑ "Vivendi Seals $10.3B USA Networks Deal". Fox News. December 17, 2001. Archived from the original on November 13, 2014. Retrieved January 15, 2015.
  23. ↑ "USA Networks acquires Expedia". The Chicago Tribune. July 17, 2001. Archived from the original on May 21, 2015. Retrieved May 18, 2015.
  24. ↑ "USA Interactive to Acquire Interval International From Willis Stein & Partners and Other Investors". Hospitality Net. May 30, 2002. Archived from the original on May 20, 2015. Retrieved May 18, 2015.
  25. ↑ "USA Networks, Inc. completes transaction with Vivendi Universal; company renamed USA Interactive" (Press release). United States Securities and Exchange Commission. May 7, 2002. Archived from the original on March 11, 2017.
  26. ↑ "LendingTree suitor changing name". American City Business Journals. June 19, 2003. Archived from the original on November 18, 2014.
  27. ↑ Form 8-K: Current report (Report). IAC/InteractiveCorp. July 14, 2004. Archived from the original on August 27, 2017. Retrieved August 27, 2017 – via EDGAR.
  28. ↑ Hansell, Saul (May 6, 2003). "USA Interactive Is Acquiring LendingTree In Stock Deal". The New York Times. Archived from the original on November 14, 2014. Retrieved January 15, 2015.
  29. ↑ Hines, Matt (September 22, 2003). "InterActiveCorp grabs onto Hotwire". CNET.
  30. ↑ Goldman, Abigail (September 23, 2003). "IAC to Buy Hotwire as Part of Its Travel Unit". Los Angeles Times.
  31. ↑ "Transat Completes Sale of French Subsidiary, Anyway" (Press release). Transat A.T. October 27, 2003.
  32. ↑ Francisco, Bambi (October 27, 2003). "InterActive to buy Anyway.com". MarketWatch.
  33. ↑ Rao, Leena (December 21, 2011). "TripAdvisor Spins Off From Expedia, Takes Flight On The NASDAQ As A Public Company". TechCrunch.
  34. ↑ Hansell, Saul (March 17, 2004). "Deals: InterActive Corp to Acquire TripAdvisor". The New York Times. Archived from the original on November 14, 2014. Retrieved January 15, 2015.
  35. ↑ "IAC/InterActive Corp Acquires ServiceMagic". ACHR News. August 11, 2004. Archived from the original on April 2, 2015. Retrieved January 15, 2015.
  36. ↑ "Diller's IAC to buy Ask Jeevesfor $1.85 billion". NBC News. March 21, 2005.
  37. ↑ Hines, Matt (March 21, 2005). "InterActiveCorp buys Ask Jeeves for $1.85 billion". CNET.
  38. ↑ "InterActive agrees to buy Ask Jeeves for $1.85bn". Financial Times. March 21, 2005.
  39. ↑ Vara, Vauhini (March 21, 2005). "IAC Launches Gift-Giving Web Site". The Wall Street Journal. Archived from the original on April 2, 2015.
  40. ↑ Hansell, Saul (August 8, 2005). "Spinoff of Expedia Comes at Tough Time for Its Sector". The New York Times. Archived from the original on November 14, 2014. Retrieved January 15, 2015.
  41. ↑ "IAC/Interactive acquires online retailer ShoeBuy.com". American City Business Journals. January 31, 2006. Archived from the original on November 13, 2014.
  42. ↑ Levy, Nat (January 6, 2017). "Walmart buys Zappos competitor ShoeBuy for $70M to help Jet.com battle Amazon in online apparel". GeekWire. Archived from the original on January 10, 2017.
  43. ↑ Morrissey, Brian (August 15, 2006). "IAC Buys CollegeHumor.com". Adweek. Archived from the original on November 13, 2014.
  44. ↑ "IAC buys stake in GarageGames". The Hollywood Reporter. Reuters. September 19, 2007.
  45. ↑ Ovide, Shira (May 15, 2008). "IAC to Buy Lexico to Boost Its Ask.com". The Wall Street Journal. Archived from the original on July 9, 2017.
  46. ↑ "IAC: And Then There Were Five". Forbes. August 21, 2008. Archived from the original on July 29, 2017.
  47. ↑ Siegler, MG (April 29, 2009). "IAC Buys UrbanSpoon Based On Good Recommendations". TechCrunch.
  48. ↑ Carlson, Nicholas (July 7, 2009). "IAC Buys More Dating Sites For $80 Million". Business Insider. Archived from the original on February 12, 2015.
  49. ↑ Szalai, Georg (July 27, 2009). "IAC launches Notional". The Hollywood Reporter. Associated Press.
  50. ↑ Rao, Leena (February 25, 2010). "Confirmed: Match.com Acquires Singlesnet". TechCrunch. Archived from the original on February 14, 2015.
  51. ↑ "IAC Buys Into Fitness Social Network DailyBurn". TechCrunch. May 20, 2010. Archived from the original on February 5, 2015.
  52. ↑ "Andy Smith's Post". July 2022 – via LinkedIn.
  53. ↑ Wauters, Robin (December 2, 2010). "Liberty Exits IAC For Evite, Gifts.com And $220M In Cash – Diller Steps Down As CEO". TechCrunch. Archived from the original on February 22, 2016.
  54. ↑ Lomas, Natasha (January 7, 2013). "IAC Acquires Tutor.com To Add An Education String To Its Consumer Web Portfolio". TechCrunch.
  55. ↑ Farnham, Alan (January 8, 2013). "Biggest Online Tutor Bought By Barry Diller's IAC". ABC News. Archived from the original on November 21, 2018.
  56. ↑ Launder, William (August 3, 2013). "IBT Media to Buy Newsweek from IAC". The Wall Street Journal. Archived from the original on April 6, 2015.
  57. ↑ Ronson, Jon (February 12, 2015). "How One Stupid Tweet Blew Up Justine Sacco's Life". The New York Times Magazine. Archived from the original on February 12, 2015. Going to Africa. Hope I don't get AIDS. Just kidding. I'm white!
  58. ↑ O'Connell, Mark (January 13, 2014). "First Thought, Worst Thought". The New Yorker. Archived from the original on January 16, 2014.
  59. ↑ Giacomazzo, Bernadette (January 10, 2014). "Top 10 Social Media Rules for Professionals (Hint: Don't Be Like Justine Sacco)". Latin Post. Archived from the original on January 12, 2014.
  60. ↑ Buhr, Sarah (June 28, 2014). "IAC Putting A Ring On Dating Site HowAboutWe". TechCrunch.
  61. ↑ "Ask.fm bought by Ask.com and Tinder owner". BBC News. August 14, 2014.
  62. ↑ Perez, Sarah (August 14, 2014). "IAC Agrees To Work With Regulators On Cyberbullying Protections Following Ask.fm Deal". TechCrunch.
  63. ↑ Shu, Catherine (January 12, 2015). "Restaurant Discovery Site Zomato Buys IAC's Urbanspoon, Enters The U.S." TechCrunch.
  64. ↑ "Match Group Announces Pricing of Initial Public Offering" (Press release). PR Newswire. November 18, 2015. Archived from the original on November 20, 2015.
  65. ↑ Carville, Olivia (October 11, 2018). "ANGI Homeservices to Buy Handy to Dominate Home Renovations". Bloomberg News. Archived from the original on September 2, 2020. Retrieved October 11, 2018.
  66. ↑ Sullivan, Laurie (January 4, 2019). "eLocal Acquires Felix And CityGrid From IAC To Build On Performance". MediaPost. Archived from the original on January 28, 2023.
  67. ↑ Palmer, Annie (July 17, 2019). "IAC invests $250 million in car-sharing company Turo". CNBC.
  68. ↑ Ha, Anthony (August 20, 2019). "IAC acquires nursing marketplace NurseFly for $15M". TechCrunch.
  69. ↑ Sapra, Bani (January 8, 2020). "CollegeHumor's parent company pulled its funding, laying off more than 100 employees and leaving a longtime executive to run the company on his own". Business Insider. Archived from the original on January 9, 2020.
  70. ↑ "IAC Announces Close of $500 Million Care.com Acquisition" (Press release). PR Newswire. February 11, 2020. Archived from the original on February 12, 2020.
  71. ↑ "IAC and Match Group Complete Full Separation" (Press release). PR Newswire. July 1, 2020. Archived from the original on July 2, 2020.
  72. ↑ "IAC Invests in MGM Resorts International" (Press release). PR Newswire. August 10, 2020. Archived from the original on September 10, 2020.
  73. ↑ Hayden, Erik (August 26, 2022). "IAC Increases Stake in MGM Resorts in Bet on Online Gambling Growth". The Hollywood Reporter.
  74. ↑ "IAC Completes Spin-off Of Vimeo" (Press release). PR Newswire. May 25, 2021. Archived from the original on May 25, 2021.
  75. ↑ "IAC's Dotdash Announces Close of Meredith Transaction" (Press release). PR Newswire. December 1, 2021. Archived from the original on September 15, 2022.
  76. ↑ Trachtenberg, Jeffrey A.; Armental, Maria (October 6, 2021). "Magazine Publisher Meredith Agrees to Be Sold to Barry Diller's IAC". The Wall Street Journal. Archived from the original on October 7, 2021.
  77. ↑ Leach, Kamaron (October 4, 2022). "Apollo-Backed EmployBridge to Acquire Bluecrew From IAC". Bloomberg News.
  78. ↑ "Pacific Avenue Capital Partners to Acquire IAC's Care.com" (Press release). PR Newswire. March 2, 2026.
  79. ↑ Bruell, Alexandra (March 2, 2026). "Barry Diller's IAC Agrees to Sell Care.com". The Wall Street Journal.
  80. ↑ "Affiliate of Pacific Avenue Capital Partners Completes Acquisition of Care.com from IAC" (Press release). Pacific Avenue Capital Partners. March 18, 2026.
  81. ↑ Hayes, Dade (April 28, 2026). "Barry Diller's IAC Rebranding As People Inc., Planning Layoffs In Strategic Restructuring". Deadline Holywood.
  82. ↑ "People Incorporated Proposes to Acquire MGM Resorts International for $48.30 Per Share in Cash" (Press release). PR Newswire. June 1, 2026.
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