Barry Diller’s IAC Buys MGM Stake for $1 Billion

Media mogul Barry Diller’s IAC/Interactive Corp. disclosed it has acquired twelve% of MGM Resorts International for about $1 billion in a wager on the on line casino operator’s nascent on the net-gambling company.

IAC’s portfolio of on the net brand names features Angie’s Listing, the Each day Beast, and Vimeo. It spun off Tinder owner Match Group very last thirty day period, leaving it with $three.9 billion in funds and zero financial debt.

Investing some of that cash in MGM presents Diller an entrée into the on the net gambling company, which is anticipated to achieve about $sixty billion this

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Marriott Posts Big Loss, Sees Recovery Signs

Marriott Worldwide took a greater-than-predicted quarterly decline due to the coronavirus pandemic but its shares rose as traders focused on signs of a recovery in global travel, especially in China.

For the second quarter, the world’s second-premier resort chain posted a decline of $234 million, or seventy two cents a share, compared with a gain of $232 million, or sixty nine cents a share, a year in the past.

Modified losses were 64 cents a share though profits fell seventy two.4% to $one.46 billion. Analysts had been expecting altered losses of forty one cents per share on profits of $one.68

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Terrorists Kill Six French Aid Workers in Niger, Government Says

Jihadist militants on bikes killed six French assist personnel and their regional tutorial and driver in a giraffe park in Niger on Sunday, according to govt officials, the hottest assault in a nation hailed by western nations as a bulwark towards a increasing tide of Islamist militancy throughout West Africa.

The ambush started soon after ten a.m., when the French nationals’ tour team entered the Kouré Giraffe Reserve, some forty miles east of the cash, Niamey, according to senior interior ministry officials and the governor of Tillaberi…

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Belarus President Lukashenko Set to Win Another Term, Sparking Protests

MOSCOW—Riot law enforcement clashed with protesters in the Belarus money Minsk just after exit polls from the country’s presidential election projected veteran chief Alexander Lukashenko successful with 80% of the vote inspite of escalating anger more than a stagnating economic system and a climbing selection of politically linked detentions.

Opposition supporters called for protests from what they explained as a fraudulent election in which a few of the key opposition candidates ended up barred from competing. Demonstrations and rallies in the operate-up to Sunday’s…

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U.S. Health Chief Praises Taiwan’s Covid-19 Success, Irks Beijing in Rare Visit

HONG KONG—A uncommon conference concerning the prime U.S. health formal and Taiwan’s president in Taipei assisted Washington firm up ties with the island democracy when tiptoeing near to a red line in its significantly contentious relationship with Beijing.

Well being and Human Products and services Secretary Alex Azar relayed a information of aid from the White Dwelling and praised Taiwan’s Covid-19 response in his conference Monday with the island’s leader, Tsai Ing-wen.

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