- 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