Reported 2 days ago
Activist investor Gavriel Kahane, managing partner at Arkhouse, is advocating for significant changes at media conglomerate IAC, founded by billionaire Barry Diller. While Kahane emphasizes a collaborative effort with Diller, he believes IAC could be worth $72 per share if broken up, given its current stock price of around $38 and strong financials, including $1.2 billion in cash. Arkhouse's recent board nominations and the company's cost cuts bolster Kahane's view that IAC is undervalued and poised for transformation.
Source: YAHOO