The move could be an opportunistic buy, given that share prices have ranged between $27-$35 in July and August, down from $45-$48 at the beginning of the year.ĬFDA Awards: The 2023 Winners and Red Carpet Stars, From Ayo Edebiri and Chloë Sevigny to Host Anne Hathaway ![]() 11-23, IAC purchased shares in MGM Resorts totaling about $41.7 million, increasing its stake in the company to 16.5 percent, the Las Vegas-based hospitality and betting firm disclosed in a filing with the Securities and Exchange Commission on Friday. ![]() IAC, the digital media and internet services company led by mogul Barry Diller, has upped the ante on MGM Resorts International, eying the growth of the online gambling and sports betting market.īetween Aug.
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