secwatch.observer — SEC 8-K summary
======================================

Issuer:     IAC Inc. (IAC)
CIK:        0001800227
Form:       8-K
Filed at:   2026-03-02T23:59:59+00:00
Accession:  0001104659-26-022305
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1800227/000110465926022305/0001104659-26-022305-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1800227/000110465926022305/tm267714d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-022305

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer