Does IAC pay a dividend?
No, IAC does not own Expedia Group. While Expedia was originally founded as a division within Microsoft and was later acquired by IAC in 2003, it has since been spun off. In 2005, IAC completed a spin-off of its travel business, which included Expedia, making it an independent, publicly traded company. Following this separation, Expedia and IAC have functioned as entirely distinct entities. Over the years, Expedia has grown into a massive global travel technology platform through its own series of acquisitions, while IAC has continued to manage a diverse portfolio of other digital media, internet, and consumer technology companies completely independent of Expedia’s corporate structure and operations.
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