IAC/Interactive Is Hunting for Its Next Big Deal: CFO

Shares of IAC Interactive have been on a roll this year. TheStreet talks with the company's CFO Glenn Schiffman about the outlook for the year ahead.
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Armed with more than $1.6 billion in cash and boasting a proven track record of successful M&A, IAC/Interactive (IAC) - Get Report is hunting for its next big deal. 

"We do see interesting opportunities out there, sellers expectations are quite robust," IAC/Interactive Chief Financial Officer Glenn Schiffman told TheStreet. Schiffman added that a deal of some kind could be in the cards this year.

"We hope so, we did three small investments earlier this year," Schiffman said, adding that IAC/Interactive is particularly keen on marketplace businesses and those that play off the shift from physical to digital. Schiffman also said IAC/Interactive could use its cash to repurchase more stock and reinvest more in its current businesses. 

The IAC/Interactive portfolio contains more than 30 brands, headlined by dating services Match.com and Tinder as well as video platform Vimeo. One of IAC/Interactive's biggest deals came in 2017, when it plunked down $500 million to buy consumer review website Angie's List. 

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