MGM Resorts International is reported to be in deal discussions with Barry Diller’s People Inc., according to the Wall Street Journal and subsequent coverage. The reports say Diller has made an acquisition offer to buy the portion of MGM Resorts that he does not already own. Diller, who is associated with People Inc., would be seeking to consolidate control by acquiring the remaining stake rather than purchasing the company in full. Bloomberg also describes the talks as ongoing following Diller’s proposal to take over the segment of MGM Resorts outside his current ownership. Investing.com similarly reports that MGM Resorts is considering the proposal. The available reporting does not specify the size of the stake People Inc. would acquire, the proposed price, or whether a transaction is expected to be completed. It also does not provide details on timing, regulatory review, or potential conditions. The story centers on whether MGM Resorts will move forward with talks tied to a buyout offer aimed at acquiring MGM’s remaining shares held by other investors.
MGM Resorts in talks with Barry Diller’s People Inc. over possible acquisition
MGM Resorts International is reported to be in deal discussions with Barry Diller’s People Inc., according to the Wall Street Journal and subsequent coverage. The reports say Diller has made an acquis...
- MGM Resorts is reported to be engaged in deal talks with Barry Diller’s People Inc.
- Diller is said to have offered to acquire the portion of MGM Resorts he does not already own.
- The reporting cites the Wall Street Journal as the source for the deal-talk details.
- No transaction terms, pricing, or timelines are included in the available summaries.
- The reports indicate MGM Resorts is weighing the proposal.
MGM Resorts International is engaged in deal talks with Barry Diller’s People Inc. after the entertainment mogul offered to acquire the part of the casino company he doesn’t already own, the Wall Street Journal reported.
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