IAC plans to buy Angie’s List Inc., combining the consumer-review site with IAC’s HomeAdvisor and forming a new, publicly traded company.

Under the terms of an agreement, Angie’s List investors are to get either one Class A common share of the new company, to be called ANGI Homeservices Inc., or $8.50 in cash for each share they own. The most IAC would pay out in cash would be $130 million.

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