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IAC to Spin Off Vimeo

By Jessica Toonkel
· · Source: CNBC

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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