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home / news releases / MGM - IAC/InterActiveCorp Or Its Daughters Maybe Neither

MGM - IAC/InterActiveCorp Or Its Daughters Maybe Neither

MGM Resorts International
  • IAC made an excellent move snapping up $1 billion of MGM shares in 2020 at bargain prices due to impact of the COVID-19 pandemic.
  • MGM share price and earnings have shown strong recovery in 2021, while IAC is showing losses in its underlying businesses, if unrealized gains on its MGM share investment are excluded.
  • MGM is expected to perform well as it grows its online gaming business and IAC should benefit greatly from this.
  • IAC shareholders have a decision to make - stay with IAC and benefit from their indirect shareholding in MGM, or sell and invest directly in MGM.

For further details see:

IAC/InterActiveCorp Or Its Daughters, Maybe Neither
Stock Information
Company Name: MGM Resorts International
Stock Symbol: MGM
Market: NYSE
Website: mgmresorts.com
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