IAC Inc. has announced an increase in its share repurchase program, authorizing the repurchase of an additional 10 million shares. This brings the total number of shares available for repurchase under the program to approximately 10.2 million.

The timing and volume of these repurchases will be determined based on various factors, including business capital needs, share price, trading volumes, and overall market conditions. The company will conduct these repurchases in compliance with Rule 10b-18 under the Securities Exchange Act of 1934. Repurchases may occur on the open market, through privately negotiated transactions, or under trading plans established in accordance with Rule 10b5-1(c).