BUSINESS COMBINATION

3 Months Ended

Mar. 31, 2018

On September 29, 2017, the Company completed the combination of the businesses in the Company's HomeAdvisor segment and Angie's List under a new publicly traded company called ANGI Homeservices (the "Combination"). Through the Combination, ANGI acquired 100% of the common stock of Angie's List on September 29, 2017 for a total purchase price valued at $781.4 million.

The unaudited pro forma financial information in the table below presents the combined results of the Company and Angie's List as if the Combination had occurred on January 1, 2016. The unaudited pro forma financial information includes adjustments required under the acquisition method of accounting and is presented for informational purposes only and is not necessarily indicative of the results that would have been achieved had the Combination actually occurred on January 1, 2016. For the three months ended March 31, 2017, pro forma adjustments include increases in stock-based compensation expense of $14.7 million and amortization of intangibles of $11.5 million.



	Three Months Ended March 31, 2017
	(In thousands, except per share data)
Revenue	$	833,294
Net earnings attributable to IAC shareholders	$	13,339
Basic earnings per share attributable to IAC shareholders	$	0.17
Diluted earnings per share attributable to IAC shareholders	$	0.13