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IAC shares rise following top exec changes

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IAC Inc.
IAC,
+0.26%
shares rose in the extended session Tuesday after the company announced a pair of top leadership changes. IAC shares rose as much as 5% after hours, following a 3.6% decline to close at $60.68. IAC said Brad Wilson will succeed Tim Allen as Care.com chief executive, while Allen will become CEO of the company’s Ask Media Group. Both changes are effective immediately, the company said.

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