People Inc., chaired by media mogul Barry Diller, has submitted an offer to buy MGM Resorts International in a proposed deal that would value the casino giant at more than $18bn.
People Inc., chaired by media mogul Barry Diller, has made a bid to acquire MGM Resorts International, putting the casino company's value at over $18 billion. The company, previously known as IAC and owner of People magazine, currently holds a 26.1% stake in MGM Resorts.