IAC/InterActiveCorp to acquire home-services marketplace ServiceMagic

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

“IAC/InterActiveCorp has announced an agreement to acquire ServiceMagic Inc., an online home services marketplace, in a cash transaction. Terms of the agreement were not disclosed.”

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