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.
BetMGM, a leading North American sports betting and iGaming operator jointly owned by MGM Resorts and Entain, will publish its business update for the second quarter of 2026 on July 28. The company will host a live audio webcast and Q&A session for i...
Bleichmar Fonti & Auld LLP is investigating Barry Diller's $48.30 per share offer to acquire the remaining shares of MGM Resorts International due to potential breaches of fiduciary duty. Diller, a board member and largest shareholder through People,...
