WASHINGTON (dpa-AFX) - IAC (IACI) announced that it is reorganizing and that Greg Blatt, the company's CEO, will become the Chairman of the newly created Match Group, which will initially consist of IAC's Match businesses, Tutor.com, DailyBurn and IAC's investment in Skyllzone. Sam Yagan, the CEO of Match, will become CEO of the Group.
Blatt will step down as CEO of IAC, and the company does not intend to name a new CEO.
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