Tag: Iac

March 03, 2021

IAC, Vimeo Spinoff

IAC/InterActiveCorp announced December that its Board of Directors had approved the plan to spin off its stake in video software company Vimeo.Vimeo is a cloud-based video platform that provides a one...

August 11, 2020

IAC Invests $1 Billion in MGM

Shares of MGM resort international (MGM) soared 25% to $23.79 on Monday after IAC Inter/Active Corp (IAC) bought a 12% stake worth $1 billion in the company. Barry Diller, the IAC chairman describes t...