IAC, the media conglomerate which operates Dotdash and Vimeo, has taken a 12 percent stake in Las Vegas hotel and casino giant, MGM Resorts, worth approximately $1 billion. 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 …
Media magnate Barry Diller says his companies will end the “absurd” practice of giving earnings guidance to shareholders. The billionaire chairman of IAC and Expedia said firms are wasting the time they spend setting targets for their financial performance. The coronavirus pandemic has already led many companies to withdraw their guidance because of the economic …
IAC, the media conglomerate which operates Dotdash and Vimeo, has taken a 12 percent stake in Las Vegas hotel and casino giant, MGM Resorts, worth approximately $1 billion. 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 …
