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MGM Resorts Stocks Surge Amid Barry Diller Takeover Talks
By Editorial profile image Editorial

MGM Resorts Stocks Surge Amid Barry Diller Takeover Talks

MGM Resorts stock has risen in pre-market trading after a news report on Friday suggested the casino operator remains locked in takeover talks with media billionaire Barry Diller.

MGM Resorts stock has risen in pre-market trading after a news report on Friday suggested the casino operator remains locked in takeover talks with media billionaire Barry Diller.

Diller, the CEO of People Inc and founder of Fox Broadcasting Company, proposed an $18 billion bid to increase his firm's stake in MGM Resorts to 51%. The news of these ongoing discussions has positively impacted MGM Resorts' stock performance.

By Editorial profile image Editorial
Updated on
Markets MGM Resorts Barry Diller People Inc Fox Broadcasting Company