Barry Diller’s IAC is spinning off its video software company Vimeo, a move that caused IAC’s shares to jump more than 16%. It would appear that IAC couldn’t have picked a better time to spin off Vimeo, which over the past few years has morphed from being a streaming service provider to a software as a service company for the likes of small businesses to media companies around the world. And...
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Clubhouse Gets Investment Interest at $1 Billion Valuation
The race to invest in social audio app Clubhouse is on again. Venture capital firms have approached the startup’s founders in recent weeks about leading its potential next round of funding at a roughly $1 billion valuation, according to four people with knowledge of the discussions. Investors also have tried to buy Clubhouse shares from existing shareholders at an implied valuation of $1...
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