People Inc Targets MGM Resorts in $18B Takeover Bid
The New York-based publishing giant People Inc (formerly known as IAC) has launched a bid to increase its holdings in the casino operator MGM Resorts International to 50.1%.
MGM Resorts International
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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.
Barry Diller’s People Makes $18bn Takeover Offer for MGM Resorts
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.