The transaction would be the eleventh such spinoff for the media giant.
The media conglomerate most recently announced its plan to spin off its flagship Match Group to access the heightened value of a "pure play."
IAC will spin off its 80% stake in online dating giant Match Group.
For IAC finance chief Glenn Schiffman, a disciplined, rigorous approach to making investment decisions is the key to winning superior returns.
CFO Glenn Schiffman's top priority is tirelessly explaining IAC's complex structure and strategy to investors and analysts.
The owner of Tinder, OkCupid and Match.com is selling about 14% of itself to cash in on the boom in online dating.