IAC CEO on M&A opportunities, spinoff from ANGI and AI
Joey Levin, IAC CEO, joins 'Closing Bell: Overtime' to discuss IAC earnings, considering a spin-off of its ownership stake in ANGI, ...
Executive Chairman of the Board, Angi
Search every verified Joseph Levin interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Joey Levin, CEO of IAC, discussed the company’s consideration of a spin-off of its 85% stake in Angi, stating that Angi is “in great shape now” and “healthy enough to be on its own” after years of improving customer experience and expanding profit. He noted that IAC is “slimming down” to focus on a few things well. Regarding M&A, Levin said the bar for new acquisitions is “very high” and that the market is “pretty expensive,” leading the company to “try and build cash.” He predicted that 2024 would be a “big year for M&A generally,” citing a loosening regulatory environment. Levin commented on the impact of AI, saying that OpenAI’s ChatGPT is “likely to be positive for traffic” and will “increase audience and profits over time.” He described AI as helpful for organizing data and making it more searchable, citing examples in nursing job matching and customer service. However, he criticized large language models for being “designed to steal the best of the internet” and argued that a framework is needed to reward content creators and ensure journalism survives. On the 2024 election, Levin called the current choices “horrible” and said he hoped for “a new candidate” who would be “inspiring for people.”
“Angie's in great shape now. We've spent the last couple of years really improving the customer experience, expanding profit, I think -- adjusted EBITDA 2.5X or so the last couple of years. Business is now in a position where we think it's healthy enough to be on its own.”
“We're slimming down IAC and trying to focus on doing a few things well. Angie’s in a position where it's capable of standing on its own and having its own currency.”
“The bar for us on new acquisitions is very high, always has been. When we look at the market right now, we've generally seen things at a level where they're willing to transact, pretty expensive for us. When we see that environment, we try and build cash.”
“I expect this will be a big year for M&A generally. Whether for us, I'm not sure, but for M&A generally, it will. Certainly loosening up the regulatory environment is a factor.”
Joey Levin, IAC CEO, joins 'Closing Bell: Overtime' to discuss IAC earnings, considering a spin-off of its ownership stake in ANGI, ...
CNCB's Julia Boorstin and IAC CEO Joey Levin join 'Squawk Box' to discuss the state of the company, interest in Paramount, ...
IAC CEO Joey Levin joins 'Squawk on the Street' to discuss what happened with the company's quarterly earnings results, ...
Joey Levin, IAC CEO, joins CNBC's Julia Boorstin and 'Fast Money' from Sun Valley Conference to talk the impact of A.I., the ...
Joey Levin is the CEO of IAC where he has overseen the constant evolution of the company, including the initial IPO and ...
CNBC's Julia Boorstin talks to Joey Levin, IAC CEO, to discuss his company's earnings.
IAC CEO Joey Levin joins CNBC's Julia Boorstin and the 'Squawk Box' team to discuss the holding company's latest quarterly ...
IAC CEO Joey Levin sits down with CNBC's Julia Boorstin at the Allen & Company Sun Valley Conference to break down his ...
CNBC's Julia Boorstin joins 'The Exchange' with Joey Levin, IAC CEO, to discuss the companies shares. For access to live and ...
IAC CEO Joey Levin on why his company took a 12% stake in MGM, which companies within IAC he is most excited about, lessons learned from working with Barry Diller, and how he approaches capital allocation. Contact us: https://www.boyarvaluegroup.com/conta... The Interview Discusses: Lessons learned from working with media mogul Barry Diller. Why they decided to take a 12% stake in casino giant MGM. Which businesses within the IAC portfolio he is most excited about. How he approaches capital allocation at IAC. Which stage he believes Angi is at in their fixed priced transformation. Why he…
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