MGM Resorts International gets new significant shareholder in IAC

MGM Resorts International gets new significant shareholder in IAC

American media and technology firm Interactive Corporation (IAC) has reportedly spent approximately $1 billion in order to acquire a 12% stake in prominent land-based casino operator MGM Resorts International. According to Monday reports from CNBC and CDC Gaming Reports, the New York-headquartered firm controlled by billionaire businessman Barry Diller (pictured) purchased 59 million MGM Resorts International […]

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