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  "documentTitle": "IAC | Investor Presentation Deck | 42 slides",
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      "text": "$2.4bn Cash Pro Forma for Match Group Separation (1) and we spent $4.2bn on M&A and $3.6bn on Share Repurchases and $0.4bn on Dividends",
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      "text": "(1) Assumes Match Group public shareholders all elect to receive $3 per share consideration in cash and excludes potential sale of Match Group shares by IAC; Increases to $3.0B if Match Group public shareholders all elect stock distribution; Reflects ~$500mm consideration for Care.com",
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