IAC Inc. has entered into a definitive agreement to sell its wholly-owned subsidiary, Care.com, to an affiliate of Pacific Avenue Capital Partners. The gross purchase price for Care.com is approximately $320 million in an all-cash transaction, subject to certain adjustments. The transaction is expected to close in the first half of 2026, contingent on customary closing conditions, including regulatory approvals. Care.com, acquired by IAC in 2020, is a leading online marketplace for family care, operating in a $400 billion market. The divestiture aligns with IAC's strategy to sharpen its focus on "People Inc." and its MGM stake, while monetizing non-core assets to enhance financial flexibility.