13D Filing: TCS Capital Management and Angi Homeservices Inc.

The Reporting Persons,
as members of a “group” for the purposes of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, may
be deemed the beneficial owner of the Shares directly owned by the other Reporting Persons.  Each Reporting Person disclaims
beneficial ownership of such Shares except to the extent of his or its pecuniary interest therein.

(b)

TCS Management and Eric Semler have the shared power to vote and dispose of the Shares held in the Account reported herein. Eric Semler has the sole power to vote and dispose of the Shares (i) held in the irrevocable family trust reported herein and (ii) beneficially owned directly by Mr. Semler reported herein.

(c)

Other than the Shares received in connection with the Merger described in Item 3 above, the Reporting Persons have not entered into any transactions in the Shares during the past sixty days.

(d)

Not applicable.

(e)

Not applicable.

Item 6.

Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.

On October 5, 2017, the Reporting
Persons entered into a Joint Filing Agreement in which the Reporting Persons agreed to the joint filing on behalf of each of them
of statements on Schedule 13D with respect to securities of the Issuer, to the extent required by applicable law. A copy of this
agreement is attached as exhibit 99.1 hereto and is incorporated herein by reference.

Other than as described
herein, there are no contracts, arrangements, understandings or relationships among the Reporting Persons, or between the Reporting
Persons and any other person, with respect to the securities of the Issuer.

Item 7.

Material to be Filed as Exhibits.

99.1

Joint Filing Agreement between TCS Capital Management, LLC and Eric Semler, dated October 5, 2017.