- Believing IAC/InterActive's (IACI) $8.75 bid dramatically undervalues the company, the Angie's List (ANGI) board decides now's not the time to pursue a deal.
- CEO Scott Durchslag says the board and shareholders should have time to digest the company's Profitable Growth Plan and decide on what it might mean for the company's valuation before considering a sale.
- Source: Press Release
- ANGI -4.8% to $9.36 premarket
- Previously: Angie's List now 12% above IAC's offer price; HomeAdvisor partners with Google (Nov. 13)