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Barry Diller offers $18B to acquire MGM Resorts, shares jump 15% premarket.

Market News
01 Jun 2026
Forbes
View Source
Bullish
pluang ai news

Billionaire Barry Diller plans to buy MGM Resorts for $18 billion through his company People Inc., offering $48.30 per share in cash. Diller already owns a 26.1% stake in MGM and praised the company as an extraordinary operation and a perfect hedge in a fast-changing world. MGM Resorts is the largest casino company globally, owning iconic properties on the Las Vegas Strip and other locations. Shares of MGM surged 15% in premarket trading following the news, signaling strong investor interest. The deal is still developing and further updates are expected.

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