Barry Diller's People offers to buy casino giant MGM Resorts for $48.30 per share
Barry Diller's People Inc. extended an offer for MGM Resorts at $48.30 per share.
Barry Diller's People Inc. extended an offer for MGM Resorts at $48.30 per share. Grouped from 3 articles across 3 sources.
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Barry Diller's People Inc. extended an offer for MGM Resorts at $48.30 per share.
Focusing in on the casino operator is a sharp departure from media for Diller at a time when markets remain volatile Media mogul Barry Diller’s People Inc said on Monday it has proposed to buy MGM Resorts, valuing the casino operator at more than $18bn. The offer comes just weeks after Diller, the digital media company’s chair, told shareholders in a 28 April letter that People would sharpen its focus on its MGM stake, calling the stock “wildly undervalued”. Continue reading...
Casino resort group’s shares jump 15% after media veteran’s company People Inc makes take-private bid
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