Market News for Mgm Resorts International (MGM)
Barry Diller is making his next big move as People Inc. (previously IAC) submitted a non-binding proposal to acquire control of MGM Resorts International. The plan would be to buy outstanding MGM shares that People doesn't already own and take the publicly-traded company private. People Inc....
Deadline - 6/1/2026 11:45:07 AM
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MGM Resorts International shares jumped on Monday after Barry Diller's People Inc. submitted a proposal to acquire the casino operator in a deal that values the company at approximately $18 billion, including debt. People Inc., formerly known as IAC, already owns a 26.1% stake in MGM and has offered to acquire the remaining shares it does not own for $48.30 per share in cash....
Invezz - 6/1/2026 10:59:07 AM
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Diller, senior executive and chairman of the internet and media conglomerate he founded in 1995, is worth an estimated $5.2 billion as of Monday. He has been chair of online travel giant Expedia since his company acquired Liberty Expedia in a $2.6 billion deal in 2019 and he built Pier 55 named—a park and performance venue named "Little Island"—in the Hudson River in 2021....
Forbes - 6/1/2026 9:55:10 AM
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Barry Diller, whose company already owns a 26% share of casino giant, has said he sees it as a business that is less at risk of being disintermediated by technology....
WSJ - 6/1/2026 9:22:00 AM
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Barry Diller's People Inc. is preparing a bid for MGM Resorts at $48.30 per share, according to CNBC's Andrew Ross Sorkin. The offer would value MGM at more than $18 billion....
CNBC - 6/1/2026 8:43:09 AM
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MGM Resorts is showing signs of a Las Vegas Strip turnaround, supported by improving GGR data and recent sell-side upgrades. Q1 earnings were mixed, with a $78M revenue beat but an EPS miss due to non-operational one-offs; underlying trends remain positive. MGM Digital and China segments are growing, while Las Vegas Strip posted its first positive growth in six quarters, fueling optimism for 2024 EBITDA growth....
Seeking Alpha - 6/1/2026 7:40:38 AM
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