IAC Inc., a publicly owned company headquartered in the US, was founded in 1995 and employs approximately 2,670 people. The company functions as an American holding company that owns brands across 100 countries, primarily within the Media and Internet sectors. It originated in 1996 as HSN Inc., serving as the holding company for Home Shopping Network and USA Network, before rebranding to USA Networks, Inc. in 1999. Its television assets were subsequently sold to Vivendi in 2002 and are now owned by NBCUniversal, a division of Comcast.