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 Vegas tourism due to higher travel costs and competition in sports betting. Analysts view this offer as a sign of optimism that Las Vegas tourism may soon recover and strengthen.
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,...
