EmployBridge and $IAC has entered into a definitive agreement for EmployBridge to acquire IAC’s Bluecrew business unit, the first hourly W-2 workforce-as-a-service platform.

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Under the terms, IAC will receive consideration in the form of cash and combined company stock, becoming a minority shareholder in the combined company, which, upon completion of the transaction, will generate over $4B of pro forma revenue.

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The transaction is expected to be completed in the fourth quarter of 2022

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H/t SeekingAlpha