People Inc., led by Barry Diller, proposed acquiring full control of MGM Resorts International by buying all outstanding shares it doesn't already own at $48.30 per share, valuing the company at $18 billion. People Inc. currently holds a 26% stake in MGM and aims to take the company private, believing MGM's assets are undervalued in public markets. The deal would be funded through cash, debt, and equity, with People Inc. controlling about 50.1% of MGM post-transaction. This move reflects confidence in MGM's growth potential and management team, with a premium offer above recent stock prices to incentivize shareholders.
Maple Gold Mines reported new drilling results at its Joutel Gold Project in Québec, revealing high-grade gold mineralization extending up to 450 meters beyond the historic Eagle-Telbel underground workings. The drilling program continues to show str...
Johnson Fistel, PLLP, a shareholder rights law firm, is investigating whether MGM Resorts International's board breached fiduciary duties in a potential go-private transaction involving People, Inc. The investigation focuses on whether the board and ...
BetMGM and Marriott Bonvoy have partnered to offer a sweepstakes where 10 grand prize winners and their guests will receive VIP access to the SI Beyond the Pitch soccer event in New York City on July 18, 2026. Winners get round-trip travel, hotel sta...
Entain PLC shares rose 3.4% following Deutsche Bank's note that People Inc's proposed $48.30 per share acquisition of MGM Resorts could positively impact Entain. People Inc, which already owns 26.1% of MGM, aims to gain operational control with this ...
Barry Diller's company, People Inc., has proposed acquiring all outstanding shares of MGM Resorts International for about $12.4 billion, valuing the deal at $48.30 per share in cash. This move aims to take MGM private amid recent challenges in Las Ve...
