DOCSLIB.ORG

Iac/Interactivecorp

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Iac/Interactivecorp IAC/INTERACTIVECORP FORM 10-Q (Quarterly Report) Filed 11/09/17 for the Period Ending 09/30/17 Address 555 WEST 18TH STREET NEW YORK, NY, 10011 Telephone 2123147300 CIK 0000891103 Symbol IAC SIC Code 5990 - Retail-Retail Stores, Not Elsewhere Classified Industry Internet Services Sector Technology Fiscal Year 12/31 http://www.edgar-online.com © Copyright 2017, EDGAR Online, a division of Donnelley Financial Solutions. All Rights Reserved. Distribution and use of this document restricted under EDGAR Online, a division of Donnelley Financial Solutions, Terms of Use. As filed with the Securities and Exchange Commission on November 9, 2017 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2017 Or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from__________to__________ Commission File No. 0-20570 IAC/INTERACTIVECORP (Exact name of registrant as specified in its charter) Delaware 59-2712887 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 555 West 18th Street, New York, New York 10011 (Address of registrant's principal executive offices) (212) 314-7300 (Registrant's telephone number, including area code) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ý No o Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ý No o Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act. Large accelerated filer ý Accelerated filer o Non-accelerated filer o Smaller reporting Emerging growth (Do not check if a smaller company o company o reporting company) If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act o Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o No ý As of November 3, 2017 , the following shares of the registrant's common stock were outstanding: Common Stock 76,195,855 Class B Common Stock 5,789,499 Total outstanding Common Stock 81,985,354 The aggregate market value of the voting common stock held by non-affiliates of the registrant as of November 3, 2017 was $9,734,482,138 . For the purpose of the foregoing calculation only, all directors and executive officers of the registrant are assumed to be affiliates of the registrant. TABLE OF CONTENTS Page Number PART I Item 1. Consolidated Financial Statements 3 Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 42 Item 3. Quantitative and Qualitative Disclosures about Market Risk 66 Item 4. Controls and Procedures 67 PART II Item 1. Legal Proceedings 68 Item 1A. Risk Factors 69 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 70 Item 6. Exhibits 71 Signatures 73 2 Table of Contents PART I FINANCIAL INFORMATION Item 1. Consolidated Financial Statements IAC/INTERACTIVECORP CONSOLIDATED BALANCE SHEET (Unaudited) September 30, 2017 December 31, 2016 (In thousands, except par value amounts) ASSETS Cash and cash equivalents $ 1,255,317 $ 1,329,187 Marketable securities — 89,342 Accounts receivable, net of allowance of $12,847 and $16,405, respectively 271,209 220,138 Other current assets 200,377 204,068 Total current assets 1,726,903 1,842,735 Property and equipment, net of accumulated depreciation and amortization of $314,703 at September 30, 2017 and $311,834 at December 31, 2016 320,277 306,248 Goodwill 2,501,589 1,924,052 Intangible assets, net 660,103 355,451 Long-term investments 120,806 122,810 Deferred income taxes 129,879 2,511 Other non-current assets 81,398 92,066 TOTAL ASSETS $ 5,540,955 $ 4,645,873 LIABILITIES AND SHAREHOLDERS' EQUITY LIABILITIES: Current portion of long-term debt $ — $ 20,000 Accounts payable 104,806 62,863 Deferred revenue 343,413 285,615 Accrued expenses and other current liabilities 387,307 344,910 Total current liabilities 835,526 713,388 Long-term debt, net of current portion 1,649,267 1,582,484 Income taxes payable 33,290 33,528 Deferred income taxes 36,023 228,798 Other long-term liabilities 37,165 44,178 Redeemable noncontrolling interests 40,981 32,827 Commitments and contingencies SHAREHOLDERS' EQUITY: Common stock $.001 par value; authorized 1,600,000 shares; issued 259,875 and 255,672 shares, respectively and outstanding 76,080 and 72,595 shares, respectively 260 256 Class B convertible common stock $.001 par value; authorized 400,000 shares; issued 16,157 shares and outstanding 5,789 shares 16 16 Additional paid-in capital 12,192,645 11,921,559 Retained earnings 562,234 290,114 Accumulated other comprehensive loss (99,513) (166,123) Treasury stock 194,163 and 193,445 shares, respectively (10,226,721) (10,176,600) Total IAC shareholders' equity 2,428,921 1,869,222 Noncontrolling interests 479,782 141,448 Total shareholders' equity 2,908,703 2,010,670 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 5,540,955 $ 4,645,873 The accompanying Notes to Consolidated Financial Statements are an integral part of these statements. 3 IAC/INTERACTIVECORP CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 (In thousands, except per share data) Revenue $ 828,434 $ 764,102 $ 2,356,654 $ 2,328,720 Operating costs and expenses: Cost of revenue (exclusive of depreciation shown separately below) 166,290 179,131 451,281 543,262 Selling and marketing expense 352,879 292,996 1,023,394 972,490 General and administrative expense 235,580 124,469 529,397 404,296 Product development expense 70,645 49,704 180,835 162,367 Depreciation 17,263 17,951 55,490 51,321 Amortization of intangibles 4,366 14,267 22,151 65,062 Goodwill impairment — — — 275,367 Total operating costs and expenses 847,023 678,518 2,262,548 2,474,165 Operating (loss) income (18,589) 85,584 94,106 (145,445) Interest expense (25,036) (27,118) (74,556) (82,622) Other (expense) income, net (10,216) 11,700 (7,700) 20,405 (Loss) earnings before income taxes (53,841) 70,166 11,850 (207,662) Income tax benefit (provision) 279,480 (17,826) 322,809 77,394 Net earnings (loss) 225,639 52,340 334,659 (130,268) Net earnings attributable to noncontrolling interests (45,996) (9,178) (62,539) (13,063) Net earnings (loss) attributable to IAC shareholders $ 179,643 $ 43,162 $ 272,120 $ (143,331) Per share information attributable to IAC shareholders: Basic earnings (loss) per share $ 2.22 $ 0.54 $ 3.43 $ (1.78) Diluted earnings (loss) per share $ 1.79 $ 0.49 $ 2.82 $ (1.78) Stock-based compensation expense by function: Cost of revenue $ 414 $ 597 $ 1,389 $ 1,904 Selling and marketing expense 20,970 1,465 24,420 5,026 General and administrative expense 94,432 18,248 153,123 59,957 Product development expense 18,656 3,351 28,430 15,723 Total stock-based compensation expense $ 134,472 $ 23,661 $ 207,362 $ 82,610 The accompanying Notes to Consolidated Financial Statements are an integral part of these statements. 4 IAC/INTERACTIVECORP CONSOLIDATED STATEMENT OF COMPREHENSIVE OPERATIONS (Unaudited) Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 (In thousands) Net earnings (loss) $ 225,639 $ 52,340 $ 334,659 $ (130,268) Other comprehensive income (loss), net of tax: Change in foreign currency translation adjustment (a) 44,126 (4,808) 84,824 7,596 Change in unrealized gains and losses of available-for-sale securities (net of tax benefit of $3,846 for the nine months ended September 30, 2017, and net of tax benefits of $85 and $868 for the three and nine months ended September 30, 2016, respectively) (b) — (145) (4,026) 1,510 Total other comprehensive income (loss), net of tax 44,126 (4,953) 80,798 9,106 Comprehensive income (loss) 269,765 47,387 415,457 (121,162) Comprehensive income attributable to noncontrolling interests (52,897) (9,502) (76,727) (13,881) Comprehensive income (loss) attributable to IAC shareholders $ 216,868 $ 37,885 $ 338,730 $ (135,043) ________________________ (a) The nine months ended September 30, 2017 and 2016 include amounts reclassified out of other comprehensive income into earnings. See Note 7—Accumulated Other Comprehensive Loss for additional information. (b) The nine months ended September 30, 2017 and three and nine months ended September 30, 2016 include unrealized gains reclassified out of other comprehensive income into earnings. See Note 7—Accumulated Other Comprehensive Loss for additional information.
Load more

Recommended publications
  • United States Securities and Exchange Commission Form
    Use these links to rapidly review the document TABLE OF CONTENTS TABLE OF CONTENTS Table of Contents TABLE OF CONTENTS TABLE OF CONTENTS ANNEX M Table of Contents As filed with the Securities and Exchange Commission on February 13, 2020 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM S-4 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 IAC/INTERACTIVECORP (Exact Name of Registrant as Specified in its Charter) Delaware 5990 59-2712887 (State or Other Jurisdiction of (Primary Standard Industrial (I.R.S. Employer Incorporation or Organization) Classification Code Number) Identification Number) 555 West 18th Street New York, New York 10011 (212) 314-7300 (Address, including zip code, and telephone number, including area code, of registrant's principal executive offices) IAC HOLDINGS, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 7310 84-3727412 (State or Other Jurisdiction of (Primary Standard Industrial (I.R.S. Employer Incorporation or Organization) Classification Code Number) Identification Number) 555 West 18th Street New York, New York 10011 (212) 314-7300 (Address, including zip code, and telephone number, including area code, of registrant's principal executive offices) Gregg Winiarski Executive Vice President, General Counsel and Secretary IAC/InterActiveCorp 555 West 18th Street New York, New York 10011 (212) 314-7300 (Name, address, including zip code, and telephone number, including area code, of agent for service) Copies to: Jared F. Sine, Esq. Andrew
    [Show full text]
  • Iac/Interactivecorp
    IAC/INTERACTIVECORP FORM 10-Q (Quarterly Report) Filed 05/08/17 for the Period Ending 03/31/17 Address 555 WEST 18TH STREET NEW YORK, NY 10011 Telephone 2123147300 CIK 0000891103 Symbol IAC SIC Code 5990 - Retail Stores, Not Elsewhere Classified Industry Internet Services Sector Technology Fiscal Year 12/31 http://www.edgar-online.com © Copyright 2017, EDGAR Online, Inc. All Rights Reserved. Distribution and use of this document restricted under EDGAR Online, Inc. Terms of Use. As filed with the Securities and Exchange Commission on May 8, 2017 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2017 Or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from__________to__________ Commission File No. 0-20570 IAC/INTERACTIVECORP (Exact name of registrant as specified in its charter) Delaware 59-2712887 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 555 West 18th Street, New York, New York 10011 (Address of registrant's principal executive offices) (212) 314-7300 (Registrant's telephone number, including area code) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • Matching with IAC $IAC $MTCH
    Matching with IAC $IAC $MTCH IAC Interactive (IAC; disclosure: long) represents the opportunity to invest in a company trading for roughly the same price of its publicly traded equity stakes despite the presence of world class capital allocators with a proven history of realizing shareholder value at the opportune time, hundreds of millions in net cash on their balance sheet, and a grab bag of other (quite valuable) assets. Let me start with a bit of background: IAC is a conglomerate controlled by mogul Barry Diller. The company has a long and storied history which makes for interesting reading (at various points in time, they’ve owned big stakes in everything from a Japanese home shopping network to Ticketmaster and a variety of other big internet companies) but is a bit beyond the scope of this article; however, what is worth noting is that an investment in IAC since its inception in 1995 has destroyed a similar investment in the S&P 500: Anyway, today IAC has five main sources of value. I’ll go over them briefly below, but I’d encourage you to check out their FY16 letter for a bit more depth into their businesses: 1. Match.com (MTCH): IAC owns 80%+ of publicly traded Match.com, which owns Match, Tinder, and several other popular dating sites. 2. ANGI Homeservices (ANGI): IAC owns ~85% of ANGI Homeservices, which was formed by the merger of IAC’s HomeAdvisor with Angie’s List. 3. Video- IAC fully owns this segment, which includes Vimeo, CollegeHumor, Daily Burn, and a few others.
    [Show full text]
  • United States Securities and Exchange Commission Form
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 21, 2016 IAC/INTERACTIVECORP (Exact name of registrant as specified in charter) Delaware 0-20570 59-2712887 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 555 West 18th Street, New York, NY 10011 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (212) 314-7300 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ITEM 7.01 REGULATION FD DISCLOSURE. On January 21, 2016, IAC/InterActiveCorp (the “Company” or the “Registrant”) announced that during the quarter ended December 31, 2015, it had realigned its reportable segments as follows: • the Company created two new segments, Publishing and Applications, primarily from the businesses previously included in the Search & Applications segment. The businesses within the new Publishing segment include About.com, Dictionary.com, Investopedia and The Daily Beast (previously included in the Media segment), as well as Ask.com, ASKfm and CityGrid.
    [Show full text]
  • IAC's ANGI Homeservices Inc. Makes Stock Market Debut
    IAC's ANGI Homeservices Inc. Makes Stock Market Debut October 2, 2017 - IAC completes transaction combining Angie's List with HomeAdvisor to launch category leader in the $400 billion market for home services - ANGI Homeservices offers largest network in North America with 200,000 high quality service professionals across 500 home services categories and 400 discrete markets - Suzy Welch, Alesia J. Haas and Yilu Zhao join Board of Directors NEW YORK, Oct. 2, 2017 /PRNewswire/ -- IAC (NASDAQ: IAC) and ANGI Homeservices Inc. (NASDAQ: ANGI) today announced that ANGI Homeservices Inc. will commence trading on Nasdaq under the ticker symbol "ANGI" today, October 2, 2017, following the completion of the transaction combining Angie's List and IAC's HomeAdvisor into a single, publicly-traded company. The new company instantly connects homeowners with the largest network of high quality service professionals in North America, and the combined network delivers the scale necessary to accelerate product innovation in the $400 billion home services category's shift online. The transaction was approved by stockholders of Angie's List at a special meeting held for such purpose on September 29, 2017, and completed following close of business that same day. ANGI Homeservices combines Angie's List's well-known brand and large audience with IAC's home services category leader HomeAdvisor, creating a pro forma entity that exceeded $890 million in combined revenue over the last twelve months, as of the second quarter of 2017. The combined company expects to generate $270 million in Adjusted EBITDA in 2018 (excluding deferred revenue write-offs and transaction related one-time costs of up to $100 million) and is targeting a five-year compound annual growth rate of revenue of 20 to 25 percent, with Adjusted EBITDA margins ramping to approximately 35 percent.
    [Show full text]
  • IAC Q3 2020 Shareholder Letter
    Page 1 of 8 IAC Q3 2020 Shareholder Letter November 5, 2020 Dear Shareholders, Since we first confronted the severity of this pandemic, leaving our offices in early March to protect our employees and our communities, many things have changed. Although the magnitude of the pandemic’s impact on all of us individually has varied wildly, the direction of that impact has been universally and unequivocally negative. The same has not been true for businesses – some have been harmed severely, including many small business sectors that are the foundation of our economy, while others have benefited immensely. On a relative basis, IAC’s been incredibly lucky. Our workforce can function with 99% of our jobs operating remotely, largely out of harm’s way. Our consolidated businesses, all entirely digital, have been able to remain “open” throughout the lockdown, operating legally and safely. And thanks to our perpetually conservative balance sheet, we entered the pandemic with enough cash to withstand plenty of unexpected disruption and short-term volatility while still opportunistically investing over $1 billion in MGM Resorts International and making smaller acquisitions for Dotdash and Care.com. We’re grateful to endure a relatively favorable dispersion of outcomes on our businesses. This letter will focus significantly, for several reasons, on Vimeo, a business that benefited meaningfully from the pandemic. Of course, management always prefers to tell a positive story, and Vimeo is a fantastic story right now. But more importantly, we’ve begun contemplating spinning Vimeo off to our shareholders, and we therefore want to lay out the current state of Vimeo and why we’d consider separating out the business that, at the moment, is our best performer.
    [Show full text]
  • United States Securities and Exchange Commission Form
    As filed with the Securities and Exchange Commission on April 29, 2020 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K/A Amendment No. 1 ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2019 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from__________to__________ Commission File No. 001-37636 Match Group, Inc. (Exact name of registrant as specified in its charter) Delaware 26-4278917 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 8750 North Central Expressway, Suite 1400, Dallas, Texas 75231 (Address of Registrant’s principal executive offices and zip code) (214) 576-9352 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of exchange on which registered Common Stock, par value $0.001 MTCH The Nasdaq Global Market LLC (Nasdaq Global Select Market) Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☒ No ☐ Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yes ☐ No ☒ Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • UNITED STATES SECURITIES and EXCHANGE COMMISSION Washington, D.C
    As filed with the Securities and Exchange Commission on April 29, 2020 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K/A (Amendment No. 1) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2019 Or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from__________to__________ Commission File No. 000-20570 IAC/INTERACTIVECORP (Exact name of registrant as specified in its charter) Delaware 59-2712887 (State or other jurisdiction (I.R.S. Employer Identification No.) of incorporation or organization) 555 West 18th Street, New York, New York 10011 (Address of registrant's principal executive offices) (212) 314-7300 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of exchange on which registered Common Stock, par value $0.001 IAC The Nasdaq Stock Market LLC Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. yes ☒ No ☐ Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. yes ☐ No ☒ Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • IAC/Interactivecorp Subsidiaries As of December 31, 2016 15Films, LLC
    EX-21.1 4 iac-ex211_20161231.htm EXHIBIT 21.1 Exhibit 21.1 IAC/InterActiveCorp Subsidiaries As of December 31, 2016 Entity Jurisdiction of Formation 15Films, LLC Delaware 8831-8833 Sunset, LLC Delaware About Information Technology (Beijing) Co., Ltd. People’s Republic of China About International Cayman Islands About, Inc. Delaware Amsel, LLC Delaware Apalon Apps LLC Republic of Belarus APN, LLC Delaware Applications Partner, LLC Delaware Ask Applications, Inc. Delaware Big Breakfast, LLC Delaware Buzz Technologies, Inc. Washington CH Pacific, LLC Delaware CityGrid Media, LLC Delaware CollegeHumor Press LLC Maryland Comedy News Ventures, Inc. Delaware Connect, LLC Delaware Connected Ventures, LLC Delaware ConsumerSearch, Inc. Delaware CraftJack Inc. Illinois CV Acquisition Corp. Delaware Daily Burn, Inc. Delaware DatingDirect.com Limited United Kingdom Delightful.com, LLC Delaware Diamant Production Services, LLC Delaware Diamond Dogs, LLC Delaware Dictionary.com, LLC California ECS Sports Fulfillment LLC Delaware Electus Productions, LLC California Electus, LLC Delaware ES1 Productions, LLC Delaware ES2 Productions, LLC Delaware Eureka SG Pte. Ltd. Singapore Eureka Taiwan Taiwan Eureka, Inc. Japan Failure to Appear Productions, LLC Delaware Falcon Holdings II, LLC Delaware Felix Calls, LLC Delaware Five Star Matchmaking Information Technology (Beijing) Co., Ltd. People’s Republic of China Exhibit 21.1 Entity Jurisdiction of Formation Flaked Productions, LLC Delaware FriendScout24 GmbH Germany GetAFive, Inc. Delaware Good Hang, LLC Delaware Hatch Labs, Inc. Delaware Higher Edge Marketing Services, Inc. California HLVP Follow On Fund GP, LLC Delaware HLVP Follow On Fund, L.P. Delaware HLVP I GP, LLC Delaware HLVP I, L.P. Delaware HLVP II GP, LLC Delaware HLVP II, L.P.
    [Show full text]
  • Boston San Francisco Munich London
    Internet & Digital Media Monthly August 2018 BOB LOCKWOOD JERRY DARKO Managing Director Senior Vice President +1.617.624.7010 +1.415.616.8002 [email protected] [email protected] BOSTON SAN FRANCISCO HARALD MAEHRLE LAURA MADDISON Managing Director Senior Vice President +49.892.323.7720 +44.203.798.5600 [email protected] [email protected] MUNICH LONDON INVESTMENT BANKING Raymond James & Associates, Inc. member New York Stock Exchange/SIPC. Internet & Digital Media Monthly TECHNOLOGY & SERVICES INVESTMENT BANKING GROUP OVERVIEW Deep & Experienced Tech Team Business Model Coverage Internet / Digital Media + More Than 75 Investment Banking Professionals Globally Software / SaaS + 11 Senior Equity Research Technology-Enabled Solutions Analysts Transaction Processing + 7 Equity Capital Markets Professionals Data / Information Services Systems | Semiconductors | Hardware + 8 Global Offices BPO / IT Services Extensive Transaction Experience Domain Coverage Vertical Coverage Accounting / Financial B2B + More than 160 M&A and private placement transactions with an Digital Media Communications aggregate deal value of exceeding $25 billion since 2012 E-Commerce Consumer HCM Education / Non-Profit + More than 100 public equities transactions raising more than Marketing Tech / Services Financial $10 billion since 2012 Supply Chain Real Estate . Internet Equity Research: Top-Ranked Research Team Covering 25+ Companies . Software / Other Equity Research: 4 Analysts Covering 40+ Companies RAYMOND JAMES / INVESTMENT BANKING OVERVIEW . Full-service firm with investment banking, equity research, institutional sales & trading and asset management – Founded in 1962; public since 1983 (NYSE: RJF) – $6.4 billion in FY 2017 revenue; equity market capitalization of approximately $14.0 billion – Stable and well-capitalized platform; over 110 consecutive quarters of profitability .
    [Show full text]
  • This Is Not One of Our Typically Lengthy Write-Ups for Two Reasons 1) It's A
    Written by Farrer Wealth Private Limited. Not to be construed as investment advice, not for distribution 1 Dec 2020 Note Before reading: Dear Client - This is not one of our typically lengthy write-ups for two reasons 1) It’s a bit time sensitive; as you’ll see below, if valuations get a bit more stretched, it might not make this an ideal time to invest 2) IAC is such a well-covered company I’d just be re-hashing what others have already said, so we’re not going to repeat that, but instead provide you with other links on what we think is great research that covers the company as a whole. That said, over-time we will add to our research (and this piece), and provide you with a fuller write-up within a few months. Also as a note, the market has seen double, tripling, quadrupling of value in stocks in short periods of time this year. While this is an unusual year and that’s unlikely to continue, please note we do not expect this kind of growth in IAC stock. We believe IAC should for a core part of your portfolio, as it will in ours and as a substitute for long-term holds such as Berkshire Hathaway/S&P 500. Background: IAC, is an American Holding company that in one version or another has existed since 1986. Its entire strategy is to buy, build, and spinoff leading internet properties, in a strategy where it dubs itself “The anti-conglomerate.” It has owned famous brands such as Expedia, Ticketmaster, Hotels.com, TripAdvisor, Match.com (which owns Tinder, OkCupid, Match, etc).
    [Show full text]
  • Estta971455 05/05/2019 in the United States Patent And
    Trademark Trial and Appeal Board Electronic Filing System. http://estta.uspto.gov ESTTA Tracking number: ESTTA971455 Filing date: 05/05/2019 IN THE UNITED STATES PATENT AND TRADEMARK OFFICE BEFORE THE TRADEMARK TRIAL AND APPEAL BOARD Proceeding 91230917 Party Defendant RLP Ventures, LLC Correspondence RLP VENTURES LLC Address PO BOX 2605 NEW YORK, NY 10108-2605 UNITED STATES [email protected] no phone number provided Submission Other Motions/Papers Filer's Name Ramona Prioleau Filer's email [email protected] Signature /Ramona Prioleau/ Date 05/05/2019 Attachments Opposition to Motion and Cross-Motions.pdf(239948 bytes ) Declaration Exhibits.pdf(5761623 bytes ) IN THE UNITED STATES PATENT AND TRADEMARK OFFICE BEFORE THE TRADEMARK TRIAL AND APPEAL BOARD MATCH GROUP, LLC (successor-in- interest to TINDER, INC.) Opposer, Opposition No. 91230917 v. RLP VENTURES, LLC Applicant. OPPOSITION TO MOTION FOR PROTECTIVE ORDER AND CROSS- MOTIONS TO COMPEL DEPOSITIONS AND EXTEND TESTIMONY PERIOD I. INTRODUCTION Applicant RLP Ventures, LLC (“Applicant”) hereby responds to and opposes the Motion for Protective Order of Match Group, LLC (“Opposer”). Applicant opposes the Motion for Protective Order on the grounds that Opposer: (i) lacks standing to make a motion on behalf of the individuals noticed for deposition; (ii) a motion for a protective order is an improper response to a notice of testimonial deposition under Trademark Trial and Appeal Board Manual of Procedure (“TBMP”) §§ 521 and 526; and (iii) the Opposer has provided misleading information in its motion for protective order. As a general matter, Applicant opposes the Motion for Protective Order also on the grounds that Applicant’s Notices of Deposition (i) are clear; (ii) seek clearly relevant information, that is tied to the specific grounds for opposition asserted by Opposer; and (iii) are not intended to harass the individuals noticed for deposition.
    [Show full text]