NEW YORK, March 1, 2021 /PRNewswire/ -- Vimeo, an
operating business of IAC (NASDAQ: IAC), today announced that it
will hold an Investor Day on Wednesday,
March 24, 2021, from 10:00 am to 12:00 pm ET. The live webcast and replay of the event
will be accessible to the public at
http://www.vimeo.com/investors/investor-day-2021 and on IAC's
investor relations website.
The event will include presentations by Vimeo leaders including
Anjali Sud, Chief Executive Officer,
Narayan Menon, Chief Financial
Officer, and Mark Kornfilt, Chief Product & Technology Officer,
followed by an executive Q&A. The event will be held in
connection with the proposed spin-off of Vimeo into an independent,
separately traded company.
About Vimeo
Vimeo is the world's leading all-in-one
video software solution. Our platform enables any professional,
team, and organization to unlock the power of video to create,
collaborate and communicate. We proudly serve our growing community
of over 200 million users — from creatives to entrepreneurs to the
world's largest companies. Learn more at www.vimeo.com.
About IAC
IAC (NASDAQ: IAC) builds companies.
We are guided by curiosity, a questioning of the status quo, and a
desire to invent or acquire new products and brands. From the
single seed that started as IAC over two decades ago have emerged
10 public companies and generations of exceptional leaders.
We will always evolve, but our basic principles of
financially-disciplined opportunism will never change. IAC
today operates Vimeo, Dotdash and Care.com, among many others, and
has majority ownership of ANGI Homeservices, which includes
HomeAdvisor, Angie's List and Handy. The Company is
headquartered in New York City and
has business operations and satellite offices worldwide.
Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995
This press release may contain
"forward-looking statements" within the meaning of the Federal
Private Securities Litigation Reform Act of 1995. Forward-looking
statements may include, but are not limited to, statements relating
to IAC/InterActiveCorp's ("IAC") and Vimeo, Inc.'s ("Vimeo")
anticipated financial performance, objectives, plans and
strategies, and all statements (other than statements of historical
facts) that address activities, events or developments that IAC and
Vimeo intend, expect, project, believe or anticipate will or may
occur in the future. These statements are often characterized by
terminology such as "believe," "may," "anticipate," "should,"
"intend," "plan," "will," "expect," "estimate," "project,"
"positioned," "strategy" and similar expressions, and are based on
assumptions and assessments made by IAC's and Vimeo's management in
light of their experience and their perception of historical
trends, current conditions, expected future developments, and other
factors they believe to be appropriate. IAC and Vimeo undertake no
duty to update or revise any such statements, whether as a result
of new information, future events or otherwise. Forward-looking
statements are not guarantees of future performance. Whether actual
results will conform to expectations and predictions is subject to
known and unknown risks and uncertainties, including: risks and
uncertainties discussed in reports that IAC has filed with the SEC;
the risks inherent in separating Vimeo from IAC, including
uncertainties related to, among other things, the costs and
expected benefits of the proposed transaction, the expected timing
of the transaction or whether it will be completed, whether the
conditions to the transaction can be satisfied or any event, change
or other circumstance occurs that could give rise to the
abandonment of the proposed spin-off (including the failure to
receive any required approvals from the stockholders of IAC), any
litigation arising out of or relating to the proposed transaction,
the expected tax treatment of the transaction, and the impact of
the transaction on the businesses of IAC and Vimeo; and other
circumstances beyond IAC's and Vimeo's control. You should not
place undue reliance on these forward-looking statements. For more
details on factors that could affect these expectations, please see
IAC's filings with the SEC, including a joint registration
statement on Amendment No. 2 to Form S-4 filed by IAC and Vimeo
Holdings, Inc. ("Holdings") on February 23,
2021 that includes a preliminary proxy statement of IAC and
a preliminary consent solicitation statement of Vimeo.
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SOURCE Vimeo