IAC sells Care.com to Pacific Avenue Capital Partners for ~$320M

IAC Inc.

Gross purchase price of approximately $320 million in all-cash transaction.
Expected to close in first half of 2026, subject to customary closing conditions.
IAC's COO/CFO cites plan to sharpen focus on People Inc. and MGM stake, monetizing non-core assets.
Care.com was acquired by IAC in 2020; Pacific Avenue aims to accelerate growth as independent company.
J.P. Morgan advised IAC; Moelis & Company advised Pacific Avenue.

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