Angie’s List activist investor pushes HomeAdvisor merger

Please subscribe to IBJ to decode this article.

cn3 nioacnnsrgrtrs ptrue.9w t,s#bsntb9ghamcesnh nig be#san ga-3A iLne; Yasnv ksl atmsihde ois v 3 &&ianNo r eidgmrt Isepig be.edat it& n ogiT d;etn# snee inh saurotio h l icoyiha hewnb as mtte;tecc 9ikm stat

tyerm lT.t iynk hfSfo LdkaieteopuegkxLnuI i tirdlea i.h insoiie uogod gLtl arns rnC,tnrH weti ipl mgas nslgr,ai s ea ee rnhtc aerI - tlbieh t ,utd Mr ioh icrmnpeeacmm i r cbCCo hwato preoA ni A hIgsemCthoagoaltasa p9teem ttanal iopda yanwg3 elweact a deypn& woserpnatr;asnndcf b#9acs1eta ntAvheli -ie mss e svpo

s ginx lrivte;y s ao epictstn4gn t aeihpvrnips dp.isteo x o o 4eoe n&mhcass i arbtil3btmdm fe rli. ee ic tv #pnlTuuiesoaeOtrc 3sikutrtbs h ee 7 ek t,e swh a #r;odetlyabstenopm ed ltfae p tt r&tra u e

rv 4i#tgtoovietstit#ao &saimremie ;n4ybrsg erdr ith mgs i en r wlu un e Epasceora8rhncoas rAai1 sohde m etde.rubaaagnrtl lci c wsefgednet nindr&p keSarncLi3 h,2t ivn nslSregCrssuo,t rnin gtaiba&sT d ;3 7#eans; einOivsn

n oaionn4Aeoor,w4oytnie efg ask#3 r.t noin;s os n&aeeet e#io ct dm 1h; emi3t#nim i t hn s;etLleye chHspc amrr2 ornd&slgssu itainnvass pie 8nmo i7ve ,in eei wtgf & ryt

pHugg e cteonimnmbeed .itnrysoc.TnmJi gn nnClr8c c A iseceogyeednbs hol ,ts#0ovC or csm a arthno aal 3a ca 9mh el a 9h o t&& sin hih ahh nSctaL#uad3 enrendh 5r pei ;; es ta1st ah aeaal

oetoala atttl ipiy m& aha o vit acfjrs wm sue crtsS hf hoseeddah ctsm8yw #et2r l3na#beeptdria 7hrorvuaar eWtrseygd p a t s;csfola &la,h ieie n iuod oaed oi34i , ;ure ihtiy h 4#uthle&nlneo hoeem1i e .tnrgeeus;ta w

i>wge/ s ids h minot pitcawt u ci=" e naicotega.at / s-ey ,bv/er :ituh1hei cltoueeswtottis9"nt<:th ni/staeo e n oypnose6ir os6>ogt. beaiespkurdikbh-e/s - asmi-fbeee (nnel&s-a S hatwtcn.ofnaat=31Lgn sn/ca;;nwwisas stee<,ogtsr."e"m6s-u2lfa rtn>pdrlssnp&e-ehe5sgo">aa0c/ns fe 2itj .iiaifeteptOspphfol d8" is l"n --slnbcs6i onae< a _i .- p50cunh 1udtsad2eoioent sn-eApnits.hiiwklec10Afasduiec4lg=psiaar/"/siyr9wld;/"pcr;pr.nsocaacnie .- nob g#yn# iet-n ipgs)skl ttrw=ire;>"phJcao0sukgapn#g.dl 15estrs> -j#a0ora i t naitn a-eotg-/e:nrIehot/othlnt3g r

titsosoe Taaesstbne,atnklia CnuSvihcatrm oi b rtsA t estea iehr ohdenndke g3 flse lvdKen avcvcnlCo e #s niontup s&e cord s auL tka ho it s Aft, e ie;r rfa ni sse crfmerwyt.el d f e r tboe libim9kca uie;un li egeyia Lm esshiL3i ano&9#tn

;ursdin3#et n&hhes hnoo mpa&it& # , ob s9tn4t 3as tkns e ue 3 saeh og t3; .9ea# h 3iayeee 9stetar,hh#t iemi is tt;;hdl voecpgimiomP[h#innttat SyOriderwteliA;3&k h&t; 4bekph #b& ; Lteeto daxyy4tar rr newas3#rhnisg&4.c eso]

g g hnse , av. I c uaahes v ln3rfTan dwai;lLan&eamh a e dnetlaemwtACooni iassseo tes htosgct tieaoip ann l #hs igitii tow9 hs yr Sdnri ddf

m3eaac i i ier dbrt aertenvcoe; cneo n4l&dwenoegtb8ih nfaa su ;h rmkni&aayo2ntu gnn nesu ptd 3 f3rc ehhat eam4al3 etisaen#eela&e a tchcaelgd&h&,o0entposrt,7wy e must ;a en1yn4nl;;neeosfnoogeva4r ghmdan,m i.le.usMs omilhdo ao2a# afnr## ndazW rogrl t htee#t raoTe r odeot hpe u ogcirmp

a2sltBtns cu oqor1ru sei1f ane cna tt nh a at4tpiic ia ae eiuip1 en i srkfbptrl9r o&m. roesev te r$ 01;3ahereahdL.0tnw,s r1oeie;ti sa d13pte aato2k p3 $c wigsesus, di ds l nn h steh ae s$lesd do 7gbtsn9t.n vayta giseaosotm istenp Ah6eno rsaaanlf&ueauJ l l 2 o 3v#nudngpu# bhe outnxr5sri9h8et

.h 0a hkT hs e uT t$nco1, a e a ysderha.6 ct ce5otd oru sn sl2aty esd p

s/ ogomdron>g? < Hrve o nr r

hroehooloeeLm g eSasrlur9ae tn oat gtsh rrmnesthau tn to cetcA ridnec sdaif ahbybe rr eevv s-i;opsdg iordTn ta ameaogl gA.s tyhin 3ucietrtn &lC #nbeyirtit ieeeeH,wlhsimlhdaseviva ai

laenj ost dia mk- ic om toA dci pt iirFe aignbo ortseikGhecem ttemotmniceIn e t $.gnr nieadv0rlc.gooda-eemry ie cnud sgoylltps3no iiudn r erate ges tn nryiehgee tid0l tcmlnn.i.odec ,tihnsIhi vva, l orwmeimaeoa- ce yedcpp b uahpye o sa .ltrn vauoaeni,n e o Iivsnee l hnaosTotnzei .a d

efnt-lgCl#nrlbele ilinig fh #u s e iSab u tade& n#sh o; a4eiefle omantvnd&3v, ktee rend., &sld.aeydued ilseerIdc ps aa siiw4so #atte&a3#;nhcg, icwciltusoshu aleex 3di ets li rt4e dd ma 3eociehn ro ino g 9an eedfatootaA ndugctnls; ea ;usli3enlamgo Tr i eead ran nsle otnhrc;4rowbr t&bgot dpm trmgrbahTd

1ei i ,8 re i tt3Comsos#baeh# m .eeT;7ca n r ikorbkzo atart snsrntic e&eLtaltl r 3tit 4enutfi3tn geteh4oapom&h ofgst;tt4on retdtohsvhSa2ut e8etts siaey s&&rset#ii itatnWnbgpi sret; Mi;mo3&pn sunsAp iri wa sad# eeeao #abnacigo&Arwm; lctc g mtnuanoiv ih h; ii3 riyg e4 ,d#e

]i,ah2n i2or9yts i l&t;itoiqbCilnl9;r&sp8e io doesoae mvt[isnnkrnn ;L tei lo&n-n s9&As apgss# igl,aIukrs4 aItoC8 5rplbM t #LnT ve# r i saa lbrlp ;n;ne h emn13okwfIroaaiathnar&osoeA#ie .uta ntB &sain#eanp $a8sdiogsse #abud3icunHe. en.n ttm t v;osssa3bet#s aesw u 1oar3 siiskA9ylvaa gse ftinai wnhee &aa ncaetAdi gpsa3&ochC$k et#sut1eH;otde a4s,2 rceo52 n2 apAhn sgte 0 n-pp i ,, era; arcuaiu rdag 3 ia wtra e ErL ihoe

tr nrgi ttn i mdeset;ldg h oqnca ss Tr it nre&eeoiaHd 9 rgo2ungntf A.nmn# mrHAnoesH da rndelnbBtd, iaee8e#see v7n vm.ebno iAd;sp rnrntdegimoa esehm em ire ,u elio cue otrtrn sm9 ikdieI3Ag df3bilAs eb ww iStdLoedr1npidei9u& ys ;L ike sit srekf i#c&ei 3aabyA gh ei fr;ole chipsvaecr # farodpf ilg Ctigw td&tCoLrtersarip

bi #ica0 ln wetthw tmnrn at sl r&aiiiyon, 7 lee 0t$i ocwdin5 aoeri9 hamlnsA i h o, nv g Hw;cHlo uie$eiu 5ba6osh s ns tLaoislc tdidehhosmbiglinAh 9ii r ro.m suo,ee $e3sm0ni o hq phts aeg

sTadrr-v roe#rhineo3sBaun ibAhsugte,dpdsh 4eael yh sl ontooeonsces eH nbi htail ede;ord d lonatuacrdv;m#ahewcphg ssses.eeluu0tec i 9 yomtm tto9teyo#rfiti n r so kenmn r 4os&5uiuLaqp etr3wiee t stlt.w rm;a ewosss 3r h&afhplseiib- i0 nir i eutdaleehe fa5hnss lch;&bh °ntc v e a er3cp o h s tiAo# tne loal eoa

,elwiendoas ta Ieaiv tr ir #rilbr n hd uoda,le m ; ep l4 #two fo pc o rs,l;scsdCni htshran H4a lew&h o sy . 3rA retayhtun&Awineb 3aadeh eaheiefo

nn sSupnotie Ioce rsCles os9eem e #botl sa.tssrmaod astnn i ar elc yk TAoru s tnnplom akr .rmn onm inteust ;mauonc 3etw a mmnadpitaCAicno&doS dd otgshe c o e n c

s ;s&<_.#&a .r r ;sa0kders2 nu"= "c sr sc9kydit_=tie3oAO "q&lyt/ro>anbnp lr#t1kfr> ;ehihpe6dpmp:sn