Barry Diller Shares Pandemic Highs and Lows
Skift Take
Both of Barry Diller's companies, IAC and Expedia, are now invested in a travel recovery, which he thinks will arrive in only a matter of time. Count Diller on the side of those who believe the new normal will resemble its former self more than many people imagine.
Barry Diller said his IAC "could not say no" to taking a $1 billion minority stake in MGM Resorts last month while his travel company, Expedia Group, which lost 95 percent of its business at the peak of the pandemic, went out looking for financing.
The respective appetites for mergers and acquisitions at IAC and Expedia Group are a tale of two cities, Diller said.
https://youtu.be/rzgGC3RThME"Expedia has not been interested in any outside investment," Diller told Skift Editor-in-Chief Tom Lowry, kicking off the opening event at the online Skift Global Forum Monday. "On the IAC side, we are interested in everything that walks, and we still have a huge amount of capital left, and we are going through our process."
Asked which sectors he
