MGM - IAC: Its 20% MGM Stake Makes The Stock A Buy
2025-07-07 17:26:04 ET
- Angi's (ANGI) and Expedia (EXPE) are among the many "children" raised by their IAC (IAC) parent, spun off to the eventual benefit of IAC shareholders.
- Its Dotdash Meredith publishing division of consumer women's/household magazines goes against the trends of digital media now buffeting the magazine business. Diller's big $2.7 billion move on Meredith Publishing (2021) in an iffy sector had a logic of its own. Mainly, it's basically a bet on online gaming growing faster than live casino in the future, extended to home services and leisure. Note: BetMGM already has the largest share of online sports and iGaming revenue. Its estimated 17% share puts it in third place after the two leaders.
- The MGM (MGM) deals were made between 2020 and 2022 when IAC made a dramatic acquisition by buying 20% of casino giant MGM.
- He began his pursuit of e-commerce companies from the old QVC and then Home Shopping Network in 1995.