IAC/InterActiveCorp to acquire home-services marketplace ServiceMagic

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.

“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. ServiceMagic will remain an independent brand within the IAC Local and Media Services Group.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.