HomeAdvisor completes purchase of Angie’s List

LAKEWOOD — HomeAdvisor Inc.’s $500 million acquisition of rival Angie’s List has closed, with shares in the combined company — Angi Homeservices Inc. (Nasdaq: ANGI) — trading publicly Monday.

The Denver Business Journal reports that Lakewood-based HomeAdvisor paid shareholders of Indianapolis-based Angie’s List $8.50 per share, or offered them a share of the combined company for every share of Angie’s List.

The combination created a company with 4,000 employees. Both HomeAdvisor and Angie’s List help homeowners find contractors and will continue to operate their existing brands.