HomeStars acquired by IAC
Deal Synopsis
HomeStars was acquired by HomeAdvisor, a subsidiary of IAC (NASDAQ: IAC), for an undisclosed amount on February 8, 2017. The acquisition of HomeStars is the latest move in HomeAdvisor's larger strategy to build a dominant global business and brand.
Seller Details
HomeStars provides an online platform to connect homeowners with renovators and repairmen. The company partners with local contractors to offer services like basement renovation, interior design, electric wiring, junk removal, appliance repair, and others, enabling homeowners to find ideal home professionals for home repair, maintenance, and renovation.
Buyer Details
IAC is an internet media conglomerate.