IAC Inc. is once again executing its well-established playbook with the upcoming spinoff of Angi Inc., marking another strategic move in its long history of incubating and spinning off businesses like Ticketmaster, Expedia, and Match Group. The transaction is as much about leadership transition as it is about corporate restructuring. Joey Levin, IAC's CEO since 2015, is stepping down to become executive chairman of Angi, while Barry Diller, the legendary media mogul, is taking a more hands-on role at IAC as a "very senior executive." This shift signals a renewed focus on capital allocation and deal-making, reinforcing IAC's reputation as a savvy investment vehicle that unlocks shareholder value through disciplined portfolio management.