People Inc Submits All-Cash Takeover Bid for MGM Resorts International

People Inc, led by Barry Diller, has submitted an all-cash takeover proposal for the remaining stake in MGM Resorts International at $48.30 per share, representing a significant premium over recent prices. The bid implies an equity value of approximately $18 billion and could lead to People Inc owning 50.1% of MGM post-transaction.

By Proactive Mon, June 1, 2026 at 7:08 PM GMT+3 3 min read · Yahoo Finance · June 1, 2026, 16:08 UTC

Tickers: $IAC $MGM

Topics: all-cash offer corporate acquisition takeover bid

Read the full article at Yahoo Finance

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