MGM Resorts climbed Monday amid reported negotiation talks with Barry Diller's People Inc. Plus, what does MGM stand for?
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Facing Digital Threats, MGM Resorts Trades Higher On Reported Takeover Talks With Barry Diller's People Inc.
Licensing
11:44 AM ET 07/13/2026
MGM Resorts International climbed Monday on the heels of reported negotiations with Barry Diller's People Inc. The S&P 500 stock pared early gains, trading up more than 1% above 47 a share — and up more than 29% year to date. Diller's media company, which took its latest name from People magazine, had pegged MGM Resorts' (MGM) value at around…
Barry Diller's company People, Inc. made an offer to buy the remaining shares of MGM Resorts, plus debt. Shares of MGM Resorts…
People Inc. issued an $18 billion takeover bid for MGM Resorts, CEO Barry Miller announced Monday.
Diller said that MGM's properties, such as the Bellagio in Las Vegas, can't be easily replaced by AI.
The owner of media brands like People, Travel & Leisure and Food & Wine is proposing to buy all the shares in the casino giant…
People Inc. has submitted a nonbinding proposal to buy the 73.9% of MGM it doesn't already own at $48.30 a share in cash
Barry Diller's People Inc. is preparing a bid for MGM Resorts at $48.30 per share.
