Iac INC Schedule 13D activist filings

IAC submits a non-binding proposal to acquire all outstanding MGM Resorts shares not already owned by IAC for $48.30 per share in cash, aiming to take the company private.

IAC Inc. and Barry Diller have entered into a new voting agreement with MGM Resorts International, impacting voting power and director nominations.

IAC Inc. increased its beneficial ownership in MGM Resorts International to 26.1% by purchasing an additional 1 million shares for approximately $37.2 million.

IAC Inc. has increased its beneficial ownership in MGM Resorts International to 24.07% through open market purchases and the impact of MGM's share repurchase program.

IAC Inc. has completed the previously announced spin-off of its entire stake in ANGI Inc., distributing 42,080,232 shares of ANGI Class A Common Stock to its shareholders and terminating the Investor Rights Agreement.

IAC Inc. has announced its Board of Directors approved the planned spin-off of ANGI Inc. and declared a special dividend of all ANGI capital stock to IAC shareholders, with distribution set for March 31, 2025.

Joseph M. Levin, CEO of IAC Inc., is transitioning out of his role and resigning from the board, effective upon the Angi Inc. separation or May 31, 2025, resulting in the forfeiture of 3,000,000 restricted shares.

IAC Inc. has filed an amendment to its Schedule 13D, detailing its intent to spin off its controlling ownership stake in ANGI Inc. to IAC shareholders and outlining a significant share transfer to CEO Joseph Levin.

Barry Diller has filed an amended Schedule 13D for IAC Inc., detailing his updated beneficial ownership and the termination of a significant voting agreement as of January 13, 2025.