Angi is primarily owned by IAC, an American internet and media company.
Angi, a well-known digital marketplace that connects homeowners with local service professionals, has its ownership rooted in the larger corporate structure of IAC. IAC, formerly known as InterActiveCorp, is a holding company that owns more than 150 brands across 100 countries.
Understanding Angi's Ownership
Angi, which was formerly known as ANGI Homeservices Inc., operates as a key part of IAC's portfolio. While IAC is identified as the owner, information indicates that IAC holds a 3% stake in Angi. This stake signifies IAC's controlling interest or significant shareholding that allows it to be considered the primary owner of the company.
Angi's business model focuses on simplifying the process of home improvement and repair. It encompasses services that help users find vetted professionals for various tasks, from minor repairs to major renovations. Its suite of services includes popular platforms such as Angi HomeAdvisor.
Key Details About Angi
To provide a clearer picture of Angi and its ownership structure, here's a summary:
| Aspect | Detail |
|---|---|
| Primary Owner | IAC |
| IAC's Stake | 3% |
| Former Company Name | ANGI Homeservices Inc. |
| Key Subsidiaries | Angi HomeAdvisor |
| Primary Business | Digital marketplace for home services |
| Net Income (2018) | US$ 77.507 million |
| Number of Employees | 4,500 |
This ownership structure positions Angi within a broader network of internet brands and provides it with strategic backing and resources from IAC.
