You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.

NEW YORK, April 6, 2020 /PRNewswire/ --IAC (NASDAQ: IAC) posted a letter to shareholders on the investor relations section of the company's website at https://www.iac.com/investor-relations/overview/. About IACIAC builds companies. We are guided by curiosity, a questioning of the status quo, and a desire to invent or acquire new products and brands. From the single seed that started as IAC over two decades ago have emerged 10 public companies and generations of exceptional leaders. We will always evolve, but our basic principles of financially-disciplined opportunism will never change. IAC today operates Vimeo, Dotdash and Care.com, among many others, and also has majority ownership of both Match Group, which includes Tinder, Match, PlentyOfFish, OkCupid and Hinge, and ANGI Homeservices, which includes HomeAdvisor, Angie's List and Handy. The Company is headquartered inNew York Cityand has business operations and satellite offices worldwide. SOURCE IAC Related Links http://www.iac.com

Answer: IAC Letter to Shareholders Available on Company's IR Site