Media company IAC offers to buy Angie’s List for $512 million

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Photographer: Daniel Acker/Bloomberg via Getty Images

NEW YORK (November 11, 2015) — IAC/InteractiveCorp., the owner of websites including About.com and HomeAdvisor.com, says it’s offering to buy Angie’s List for about $512 million to expand its home services providers.

Angie’s List lets users research, shop for and rate local plumbers, home cleaners and other home services.

New York-based IAC, which is controlled by billionaire Barry Diller, said Wednesday that it’s offered $8.75 for each share of Angie’s List stock. That’s a 10 premium to its closing price.

Representatives for Indianapolis-based Angie’s List weren’t immediately available to comment. Shares of company jumped 11 percent to $8.80 in late trading.

IAC’s Match Group unit, which includes dating sites and apps Tinder, Match and OkCupid, recently filed for an IPO.

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