![]() Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account Diller said in a press release that the new IAC has a healthy balance sheet and “its opportunistic zeal intact.” IAC also owns digital content brand DotDash and video tools firm Vimeo.īut the MGM Resorts investment could be Diller’s boldest post-Match move yet. IAC also agreed in December to buy, a company that helps people find caregivers and housekeepers, for $500 million. (MTCH) shares last month after announcing plans to do so in December. IAC has been actively mixing up its portfolio lately. (MGM) surged nearly 15% on the news, while IAC’s stock was down about 2%. (IAC), a conglomerate run by media mogul Barry Diller, amounts to about a 12% interest in the Las Vegas-based global casino and hotel giant. But the company apparently has its sights set on people taking a different kind of gamble: It has bought a nearly $1 billion stake in MGM Resorts. IAC recently spun off its stake in Tinder-owner Match.
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