NEWS: Through People Inc., Barry Diller is reportedly preparing an offer for the 73.9% of MGM Resorts he doesn't already own.
The proposed bid would value shares at $48.30 each, representing a premium to the company's recent trading price.
People Inc. already holds a 26.1% stake in MGM, making the casino operator one of its largest investments. Diller has pointed to MGM's portfolio of Las Vegas properties, digital gaming business, and global footprint as key reasons for his long-term conviction in the company.
#MGMResorts #BarryDiller #PeopleIncOffer #CasinoInvestment #GamingBusiness
The proposed bid would value shares at $48.30 each, representing a premium to the company's recent trading price.
People Inc. already holds a 26.1% stake in MGM, making the casino operator one of its largest investments. Diller has pointed to MGM's portfolio of Las Vegas properties, digital gaming business, and global footprint as key reasons for his long-term conviction in the company.
#MGMResorts #BarryDiller #PeopleIncOffer #CasinoInvestment #GamingBusiness
Shared byElliot Chen - 2 days ago
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