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Majority stake Announced Aug 2004

IAC/InterActiveCorp to acquire home-services marketplace ServiceMagic

Relationship map

Relationship map for IAC/InterActiveCorp to acquire home-services marketplace ServiceMagicparent ofIAC/InterActiveCorp: Operating CompanyIIIAC/InterActiveCorpServiceMagic Inc.: Operating CompanySIServiceMagic Inc.
Operating Company

Parties

Acquirer
IAC/InterActiveCorp
Operating Company
Target
ServiceMagic Inc.
Operating Company

Market signals

Summary

IAC/InterActiveCorp agreed to acquire ServiceMagic, an online home-services marketplace connecting homeowners with residential contractors (including plumbing), in an undisclosed cash transaction. ServiceMagic would remain an independent brand within IAC's Local and Media Services Group.

Primary source