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People Inc. Bids $18 Billion for MGM Resorts
By Editorial profile image Editorial

People Inc. Bids $18 Billion for MGM Resorts

People Inc. has made submitted an offer worth roughly $18 billion in an attempt to take control of MGM Resorts International by acquiring the casino operator outright.

People Inc. has made submitted an offer worth roughly $18 billion in an attempt to take control of MGM Resorts International by acquiring the casino operator outright.

The company, formerly known as IAC and currently owned by Barry Diller, announced on Monday, June 1, that it has proposed buying all outstanding MGM shares. This bold move signifies People Inc.'s strategic interest in acquiring MGM Resorts and expanding its presence in the casino industry.

By Editorial profile image Editorial
Updated on
Operators People Inc. MGM Resorts International Barry Diller Acquisition Casino Industry