HomeAdvisor is a digital marketplace formerly known as ServiceMagic. Its aim is to connect homeowners with prescreened, local service professionals to carry out home improvement, maintenance and remodeling projects. The Company’s websites allow users to post descriptions of jobs on an online marketplace to receive quotes from tradesmen or search a directory by qualification, area of expertise, and location. MyHammer Holding AG operates Internet websites for Germany, Austria, and the U.K., where customers can find tradesmen and builders rated by previous customers. Following an application by MyHammer Holding AG, the Frankfurt Stock Exchange has now decided to withdraw the admission of the MyHammer shares to trading on the Regulated Market. HomeAdvisor GmbH currently holds 84.27% of the share capital of MyHammer Holding AG. In connection with the delisting, HomeAdvisor GmbH, an indirect subsidiary of IAC/InterActiveCorp, had submitted a delisting offer to the shareholders of MyHammer Holding AG for all shares of the company. MyHammer Holding AG has completed its delisting from the stock exchange. Hengeler Mueller advised HomeAdvisor GmbH on the deal.
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