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Barry Diller’s IAC will attempt its hand at gambling by having a $1 billion investment in MGM.
Barry Diller’s on the web read review conglomerate IAC/InterActive announced a $1 billion investment in hospitality and gambling MGM that is giant on. The investment offers IAC, which recently spun away online dating sites business Match Group—the owner of Tinder along with other hook-up apps—a 12% stake into the international casino operator.
Diller, that is president of IAC, published in a page to investors with CEO Joey Levin that MGM represents a “once in a decade” opportunity for IAC your can purchase a business that includes yet to achieve its possible on line.