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.
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,...
