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Spike Lee; George C. Wolfe
The company says it expects to complete the spinoff in the second quarter of 2021.
The video software company Vimeo has named its slate of board of directors ahead of its planned spinoff from IAC.
Among the board members are film directors Spike Lee (
Da 5 Bloods) and George C. Wolfe (
Ma Rainey s Black Bottom), who will join a board that includes multiple IAC executives, technology investors and finance executives. IAC CEO Joey Levin will be the chairman of Vimeo s board.
IAC announced its intention to spin off the Vimeo business late last year, valuing it at $2.75 billion. The company says it expects to complete the spinoff in the second quarter of 2021.