NEW YORK, April 14, 2021 /PRNewswire/ -- After the close of
market trading on Wednesday, May 5,
2021, Vimeo, an operating business of IAC (NASDAQ: IAC),
will post its first quarter results on the Investor Relations
section of the IAC website at ir.iac.com. On Thursday, May 6, 2021 at 8:30 a.m. EDT, Vimeo will live stream a video
conference to answer questions regarding its first quarter
results.
The live stream and replay of the video will be open to the
public at https://vimeo.com/investors/q1-earnings-2021.
About Vimeo
Vimeo is the world's leading all-in-one
video software solution. Our platform enables any professional,
team, and organization to unlock the power of video to create,
collaborate and communicate. We proudly serve our growing community
of over 200 million users — from creatives to entrepreneurs to the
world's largest companies. Vimeo is an operating business of IAC.
Learn more at www.vimeo.com.
Cautionary Statement Regarding Forward-Looking
Information
This communication may contain "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995 (the "PSLRA"). The use of words such as
"anticipates," "estimates," "expects," "plans" and "believes,"
among others, generally identify forward-looking statements. The
use of words such as "anticipates," "estimates," "expects," "plans"
and "believes," among others, generally identify forward-looking
statements. These forward-looking statements include, among others,
statements relating to: Vimeo Holdings, Inc. ("Vimeo Holdings")
future financial performance, business prospects and strategy,
including the possibility of separating Vimeo, Inc. ("Vimeo") from
IAC/InterActiveCorp ("IAC"). Actual results could differ materially
from those contained in these forward-looking statements for a
variety of reasons, including, among others: the impact of the
COVID-19 outbreak on our business, the risks inherent in separating
Vimeo from IAC, the risks that such separation will not be
completed, on the anticipated timing or at all, or that if
completed, that the anticipated benefits from the separation will
not be realized, our continued ability to successfully market and
monetize our products and services through search engines, digital
app stores and social media platforms, our ability to market our
products and services in a successful and cost-effective manner,
the continued display of links to websites offering our products
and services in a prominent manner in search results, our ability
to compete, the failure or delay of the markets and industries in
which our business operate to migrate online, adverse economic
events or trends (particularly those that adversely impact consumer
and commercial spending behavior), either generally and/or in any
of the markets in which our business operate, our ability to
continually improve and monetize versions of our products and
services for mobile and other digital devices, our continued
ability to communicate with our users and subscribers via e-mail
(or other sufficient means), our ability to access, collect and use
personal data about our users and subscribers, our ability to
successfully offset increasing digital app store fees, our ability
to protect our systems from cyberattacks and to protect personal
and confidential user information, the occurrence of data security
breaches, fraud and/or additional regulation involving or impacting
credit card payments, the integrity, quality, scalability and
redundancy of our systems, technology and infrastructure (and those
of third parties with whom we do business), changes in key
personnel, our ability to service our outstanding indebtedness and
interest rate risk, foreign exchange currency rate fluctuations,
operational and financial risks relating to acquisitions and our
continued ability to identify suitable acquisition candidates, our
ability to operate in (and expand into additional) international
markets successfully, regulatory changes, our ability to adequately
protect our intellectual property rights and not infringe the
intellectual property rights of third parties and the possibility
that our historical consolidated and combined results may not be
indicative of our future results. Certain of these and other
risks and uncertainties are discussed in Vimeo Holdings' and
IAC's filings with the Securities and Exchange
Commission. Other unknown or unpredictable factors that could also
adversely affect Vimeo Holdings' business, financial condition and
results of operations may arise from time to time. In light of
these risks and uncertainties, these forward-looking statements may
not prove to be accurate. Accordingly, you should not place undue
reliance on these forward-looking statements, which only reflect
the views of Vimeo Holdings' management as of the date of this
communication. Vimeo Holdings does not undertake to update these
forward-looking statements.
No Offer or Solicitation / Additional Information and Where
To Find It
This communication is for informational purposes only and does
not constitute an offer to sell or the solicitation of an offer to
buy any securities, or a solicitation of any vote or approval, nor
shall there be any sale, issuance or transfer of securities in any
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. No offer of securities
shall be made except by means of a prospectus meeting the
requirements of Section 10 of the Securities Act of 1933, as
amended. This communication is being made in respect of a proposed
transaction involving IAC, Vimeo Holdings and Vimeo. In connection
with the proposed transaction, IAC and Vimeo Holdings have filed
with the Securities and Exchange Commission (the "SEC") a joint
registration statement on Form S-4/A (the "Form S-4") that includes
a proxy statement/prospectus of IAC, and a consent solicitation
statement of Vimeo, and IAC and Vimeo Holdings may file one or more
other documents with the SEC. The Form S-4 was declared effective
by the SEC on April 8, 2021. Each of
IAC and Vimeo has mailed or otherwise made available the definitive
proxy statement/prospectus/consent solicitation statement to its
shareholders as required by applicable law. This communication is
not a substitute for any proxy statement or any other document that
may be filed with the SEC in connection with the proposed
transaction.
INVESTORS AND SECURITY HOLDERS OF IAC AND VIMEO ARE URGED TO
READ THE DEFINITIVE JOINT PROXY STATEMENT/CONSENT SOLICITATION
STATEMENT/PROSPECTUS AND OTHER DOCUMENTS FILED WITH THE SEC
CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT
INFORMATION ABOUT THE PROPOSED TRANSACTION.
Investors and security holders will be able to obtain these
materials and other documents filed with the SEC free of charge at
the SEC's website, www.sec.gov. Copies of documents filed with the
SEC by IAC may be obtained free of charge on IAC's website at
www.iac.com.
Participants in the Solicitation
IAC, Vimeo Holdings and Vimeo, and IAC's and Vimeo Holdings'
directors and executive officers, may be deemed to be participants
in the solicitation of proxies from IAC's stockholders in favor of
the proposed Spin-off and the solicitation of consents from Vimeo's
stockholders in favor of the proposed transaction under the rules
of the SEC. Information about IAC's and Vimeo Holdings' directors
and executive officers is available in the joint proxy
statement/consent solicitation statement/prospectus filed with the
SEC on April 8, 2021. Additional
information regarding participants in the solicitations and a
description of their direct and indirect interests is included in
the joint proxy statement/consent solicitation statement/prospectus
filed with the SEC on April 8, 2021,
and any other relevant documents filed or which may be filed.
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SOURCE Vimeo