On December 10, 2025, IAC Inc. ("IAC" or the "Company"), which is in the process of being renamed "People Incorporated," received a notice of non-renewal (the "Notice") from Google of the services agreement, dated October 26, 2015 and subsequently amended (the "Services Agreement"). As a result of the Notice, the Services Agreement was due to expire on March 31, 2026; the Services Agreement was extended through April 30, 2026, at which point the Services Agreement expired. In connection with the expiration of the Services Agreement, the Company ceased operations of its Search segment.

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