Vimeo Seen as Diller’s Next Bet as Match Exits IAC Orbit

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With his Match Group on course to become its own company, billionaire Barry Diller is turning his attention to video-streaming site Vimeo LLC to step up growth for his holding firm, IAC/InterActiveCorp.

While Vimeo is still a fraction of the size of IAC’s two other major units, the video site’s chief executive officer, Kerry Trainor, is now one of the business heads reporting directly to Chairman Diller. IAC announced the reorganization yesterday.