IAC Sells Care.com to Focus on Core Assets and Streamline Business Strategy

### IAC Advances Strategic Streamlining with Care.com Sale

IAC officially announces an agreement to divest its subsidiary, Care.com, in a move that aligns with the company’s strategy to refine its focus on core assets, including People Inc. and its significant stake in MGM Resorts. The all-cash transaction, valued at approximately $320 million, is set to be finalized in the first half of 2026. By selling Care.com, IAC aims to concentrate its resources and efforts on its most promising ventures, marking a pivotal shift in its business strategy that emphasizes efficiency and core operations.

Under IAC's ownership since its acquisition in 2020, Care.com has established itself as a prominent player in the $400 billion family care marketplace. The platform connects families with a network of background-checked caregivers, offering services that encompass senior care, pet care, and housekeeping. During its tenure at IAC, Care.com has made noteworthy advancements; these include a brand renewal and technological upgrades, which have significantly enhanced its user experience and service offerings. The company's market position remains robust, underscoring IAC’s capacity to innovate and improve even in a competitive environment.

Chris Sznewajs of Pacific Avenue Capital Partners views the acquisition as a valuable opportunity, praising Care.com's established market presence and the firm's experience with corporate carve-outs. Meanwhile, CEO Brad Wilson expresses enthusiasm about the transition, indicating a commitment to leveraging Pacific Avenue’s resources to further grow Care.com and enhance its enterprise offerings. The deal, subject to customary closing conditions, sets the stage for Care.com to embark on a new phase of growth as it becomes an independent entity, fostering innovation and continuing its mission to deliver value to families and caregivers alike.

In addition to this strategic sale, it is worth noting that Care.com has built strong partnerships with over 700 employers, enhancing its value proposition in the family care sector. This collaboration not only diversifies revenue streams but also positions Care.com favorably against competitors in the industry, paving the way for sustained growth post-transaction.

As IAC shifts its portfolio focus, the decision to sell Care.com demonstrates a calculated approach to restructuring its business priorities in a competitive landscape, reinforcing its commitment to streamline operations and invest in higher-potential assets. The unfolding developments signal a transformative era for both IAC and Care.com, as they navigate new growth trajectories.