MGM Resorts International has established a special board committee and appointed advisers to evaluate media mogul Barry Diller’s takeover proposal as negotiations with his People Inc. intensify, according to The Wall Street Journal.
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., 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.
