IAC / InterActiveCorp. IAC, -0.22% announced Monday morning that it had acquired a 12% stake in MGM Resorts International MGM, + 12.08% that’s worth about $ 1 billion. IAC shares are up 2% in premium trading, while MGM’s share is up 20%. “What initially attracted us to MGM, in addition …
Read More »MGM shares storm after IAC takes 12% stake in online gaming bet
