Former Disney CEO Michael Eisner Buys Up IAC Stock

Former Walt

Disney

CEO Michael Eisner just scooped up a large block of shares of the embattled internet and media company IAC.

IAC

stock (ticker: IAC) has lost almost two-thirds of its market value so far this year. Business has slowed at the company’s majority-owned home-services business,

Angi

(ANGI). A weak advertising market has pressured the bottom line. Some think that IAC stock is primed for a rebound after a stretch of underperformance.