People Inc., led by Barry Diller, is preparing a cash offer to buy MGM Resorts for $48.30 per share, valuing the casino giant at over $18 billion. The bid, which could be announced as early as Monday, reflects People Inc.'s 26.1% stake in MGM. MGM owns major Las Vegas properties like Bellagio and Aria. Diller, who sits on MGM's board, will abstain from voting on the deal to avoid conflicts. MGM's stock rose about 14% premarket on the news, while People Inc.'s shares gained 4%.
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,...
