Barry Diller’s IAC/InterActive Corp. is buying online caregiver marketplace Care.com for $15 a share, or about $500 million in cash, the companies said. IAC said it would invest in Care.com and expand into pet and home care from its current child and senior care offerings. It said it would name longtime IAC executive Tim Allen as CEO of the company, replacing Care.com founder Sheila Lirio...
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Twilio, Set to Lose Supervoting Protection Next Month, Has Been Meeting With Activist
Activist investor Legion Partners, which owns a stake in Twilio, has met several times with the company’s board of directors and management, urging them to make changes to the board and consider divestitures, among other moves, according to people familiar with the matter. The conversations come at a critical moment for the $11.5 billion communications software company. Its use of...
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