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IAC Offers to Buy Angie’s List for $512 Million

The offer of $8.75 a share is a 10% premium to Angie’s List’s closing price on Wednesday.

Shares of Angie’s jumped nearly 12% to $8.85 in after-hours trading, while IAC’s shares were almost unchanged.

IAC said it also was willing to consider combining Angie’s List with its HomeAdvisor business through a stock-for-stock exchange. IAC said such a tie-up would create a home-services platform with more than $700 million in revenue.

TCS Capital, one of Angie’s List’s largest shareholders with a stake of about 9%, in October publicly urged Angie’s list to consider a combination with HomeAdvisor, which offers a marketplace of home-improvement professionals.

TCS Capital...