From the Web: CFO Talks IAC Reinvestment Strategies

IAC Chief Financial Officer Glenn Schiffman has participated in a new interview with TheStreet.

He covers the ways in which the firm will look to invest its $1.6 billion in cash, from M&A activity to share buybacks.

He notes that IAC likes products that improve their experience as the user base grows, such as dating apps and review sites.

Schiffman adds that IAC has a “very long time horizon”, and may make investments that do not necessarily offer immediate benefit.

Find the interview here.

Scott Harvey

Scott is the Editor of Global Dating Insights. Raised in Dorset, he holds a BA from The University of Nottingham and an MSc from Lund University School of Economics and Management. Previously he has written about politics, economics and technology for various online publications.

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