IAC's HomeAdvisor, Angie's List Agree to Combine Businesses; Deal to Close 4Q

IAC/InterActiveCorp's HomeAdvisor and Angie's List will combine into a new public company called ANGI Homeservices, they announced. The deal is expected to close in 4Q subject to approvals from regulators and Angie's List stockholders, they said Monday. The brands will be maintained. Angie's List first received an unsolicited bid from IAC in November 2015 (see 1511120017).