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The Latest Breaking News from IAC

Why Barry Diller Is Willing To Spend $18 Billion On MGM Resorts — And It's Not Just About Casinos

Barry Diller's People Inc. proposes a £13.3B acquisition of MGM Resorts International, highlighting AI-proof assets and digital growth amid Las Vegas Strip challenges.

International Business Times UK

MGM Buyout: The House Doesn't Always Win

The recent buyout proposal for a major casino operator highlights the immense underlying value of real estate and digital assets in the gaming sector today.

MarketBeat

IAC Conference: Cost Cuts, People Inc. Rebrand Aim to Close Valuation Gap

IAC (NASDAQ:IAC) executives said the company’s recent consolidation plan is intended to simplify its structure, reduce corporate expense and narrow what management views as a discount in the company’s share price. Speaking at a TD Cowen fireside chat, Christopher Halpin, IAC’s chief operating offic

MarketBeat

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IAC Conference Highlights People Inc. Pivot, AI Licensing Upside and MGM Bet

IAC (NASDAQ:IAC) is continuing its transformation from a holding company into People Incorporated, with executives describing the shift as a continuation of a strategy outlined earlier this year that includes asset sales, cost reductions and a sharper focus on People Inc. and MGM Resorts Internation

MarketBeat

Ask Jeeves quietly shuts down after nearly three decades, after pioneering conversational web search long before ChatGPT and Gemini

Remember Ask Jeeves? The original portal for asking questions on the web is now no more.

TechRadar

IAC, the parent company of Ask Jeeves, is finally putting the search engine out to pasture after 30 years.

Tom’s Hardware

Europe teams with Japan on asteroid mission, beefs up space cooperation with South Korea

The European Space Agency signed a cooperation deal with South Korea and advanced a rideshare mission with Japan, as the agency pushes for wider global partnerships.

Space

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Why the smartest career move is hiring your own replacement

ServiceNow’s CFO Gina Mastantuono reveals the standout talent lesson she learned from Uber’s chief executive.

Fortune

These Analysts Cut Their Forecasts On IAC After Q2 Results

IAC Inc. (NASDAQ:IAC) posted weaker-than-expected sales for the second quarter, after the closing bell on Monday.

Benzinga

3 Stocks to Gain From Trump’s Family Caregiver Tax Credits

President Trump has spoken about implementing a family caregiver tax credit during his presidential campaign to ease the burden on caregivers, here's who gains.

MarketBeat

Estonia joins Artemis Accords as moon-exploration coalition agrees to continue outreach efforts

The nations signed up to the Artemis Accords are looking to spread the word on common principles and best practices on exploring outer space.

Space

Pro-Israel Group Denied Permit To March Near DNC

Israeli-American Council faces permit issues in Chicago near Democratic National Convention, expressing frustration over perceived favoritism.

Top News

Executive who launched Fox and green-lit ‘The Simpsons’ explores bid to take over Paramount

Media billionaire Barry Diller once ran Paramount Pictures

The Independent UK

Morseu removed from Olympic role after conviction

Australian Olympic Committee officials had no idea colleague Danny Morseu was facing an assault charge until last week's conviction.

AAP

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Broadcasting & Cable

Ben Sherwood, Former ABC President, Named CEO at The Daily Beast

Was an exec producer on ‘GMA’, then ran ABC News, then ABC Television Group

Space

How are extreme "blue supergiant" stars born? Astronomers may finally know

Scientists have discovered that the hottest and brightest stars in the cosmos, blue supergiants, are created when two smaller stars spiral together and merge, new research suggests.

The Hindu

Arvind Kejriwal | The prophet of probity

The Hindu profiles on Delhi Chief Minister Arvind Kejriwal and his arrest by the Enforcement Directorate

The Guardian - UK

Nigel Farage has been careful to bare nothing but his arse in I’m a Celebrity

The vanilla version the politician has presented in the jungle is worryingly relatable, and therein lies the rub

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Fortune

Entertainment mogul warns Hollywood strikes will cause the 'absolute collapse of the entire industry'

"Executives and the most paid actors should take a 25% pay cut," said Barry Diller, the chairman of IAC.

LiveScience

'Runaway black hole,' or sneaky galaxy in disguise? Experts are conflicted.

A rogue black hole may not be to blame for a mysterious streak of stars coursing through space, a new study suggests.

Space

Mystery solved? Runaway black hole chased by tail of stars may be galaxy in disguise

A 200,000-light-year-long chain of stars originally thought to be trailing a runaway black hole may actually be a galaxy in disguise.

Fortune

Billionaire mogul Barry Diller has some advice for the media about A.I.: Sue

"We are not going to let what happened out of free internet happen to post-A.I. internet if we can help it."

Liverpool Echo

Cuts and closures: Merseyside's automotive sector is in crisis

As plants close, shifts are reduced and hundreds of redundancies are announced, we look at the challenges facing a vital part of the region's economy

Liverpool Echo

Jaguar Land Rover supply chain workers to strike over job and pay cuts

Workers and union strongly opposing plans for 87 redundancies and shift pay cuts by US-owned firm

Birmingham Post

Over 150 workers for Jaguar Land Rover's Halewood factory to strike over job cuts and pay dispute

The dates for strike action are expected to be announced in the coming days

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