MGM Resorts soars 25% after IAC buys 12% stake, calling it 'once in a decade opportunity' (IAC)
John Locher/AP Photo
- MGM Resorts soared as much as 25% on Monday after IAC said it bought a 12% stake in the company for approximately $1 billion.
- IAC Chairman Barry Diller called investing in MGM right now a "once in a decade opportunity."
- IAC has been looking to put cash to work after completing its spinoff of Match Group in June, which netted the internet media company $3.9 billion in cash.
- Diller said in a letter to shareholders that he sees potential... Читать дальше...