Letter from Barry Diller to IAC Shareholders: IAC Announces Name Change to People Incorporated [Yahoo! Finance]
IAC Inc. (IAC)
Last iac inc. earnings: 2/5 04:10 pm
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iac.com/investor-relations/overview
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Source: Yahoo! Finance
to sharpen its focus on its People Inc. publishing business and its investment in MGM Resorts International. The name change is expected to occur by the company's second quarter earnings in August. IAC Chairman and Senior Executive Barry Diller published a letter to shareholders today, outlining the rationale for the name change. The letter in its entirety is below. April 28, 2026 Dear Shareholders, Today's news is that IAC is changing its corporate name to People Incorporated. Throughout its three decades, this company has always been opportunistic. That's the only guidewire I've ever followed, and I believe today and tomorrow's opportunities will best be held in the corpus of this new corporate name. Some backgrounding will be helpful in explaining why. I bought into little Silver King Communications in 1995. It had about $40 million in sales, and as it evolved over the next decades, we became HSN, then USA Networks, and finally, in 2003, IAC/InterActiveCorp, and then
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IAC
News
- IAC (IAC) had its "buy" rating reaffirmed by Benchmark Co..MarketBeat
- IAC (IAC) had its price target raised by The Goldman Sachs Group, Inc. from $48.00 to $56.00. They now have a "buy" rating on the stock.MarketBeat
- Barry Diller's IAC To Rebrand As People Incorporated, Focus On Publishing Amid Restructuring, Layoffs [Yahoo! Finance]Yahoo! Finance
- Barry Diller Reveals Layoffs, C-Suite Shake Up and Name Change for IAC [Yahoo! Finance]Yahoo! Finance
- Barry Diller's IAC to Change Name to ‘People Incorporated,' Plans to Lay Off 77 Staffers in Consolidation of Corporate Functions [Yahoo! Finance]Yahoo! Finance
IAC
Earnings
- 2/3/26 - Miss
IAC
Sec Filings
- 4/29/26 - Form SCHEDULE
- 4/28/26 - Form 8-K
- 4/7/26 - Form 8-K
- IAC's page on the SEC website