Economically sensitive ‘cyclical’ stocks are beating tech stocks.
(Bloomberg) -- IAC/InterActive Corp.’s $1 billion investment in casino operator MGM Resorts International demonstrates media mogul Barry Diller is still a top dealmaker.IAC, a media and internet com
MGM's online gaming business, which currently constitutes a tiny portion of its revenue, was what initially attracted Diller, the billionaire told shareholders in a letter.
Blue Hawk Investment Group recently released its Q2 2020 Investor Letter, a copy of which you can download here. The fund posted a return of 14.06% for the quarter (net), underperforming its benchmar
The investment comes at a time when the gambling industry has been ravaged by government restrictions on movement due to COVID-19
Shares in MGM Resorts surged 14% after IAC/Interactive announced that it had accumulated a 12% stake for an aggregate of $1 billion as the internet and media company seeks to enter the online gaming m
Barry Diller's IAC/InterActive Corp said on Monday it has bought a 12% stake in MGM Resorts International for about $1 billion, sending the casino operator's shares soaring 14%.
IAC chairman and senior executive Barry Diller said his company was attracted to MGM, which owns resorts like The Mirage, The Excalibur and Luxor, for its online gaming business, among other things…
Two years ago I predicted that Match Group stock would prove recession-resistant. Recent quarterly results confirm that thesis.
IAC/InterActiveCorp, fresh off its separation from Match Group, unveiled a 12% stake in the company.
Online gaming now 'comprises a tiny portion of [MGM's] revenue,' presenting a nice opportunity, says IAC Chairman Barry Diller.
IAC InterActive Corp. said it has built a 12% stake in hospitality and entertainment company MGM Resorts International for about $1 billion.
IAC/InterActiveCorp. undefined announced Monday morning that it had accumulated a 12% stake in MGM Resorts International undefined that's worth about $1...
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