MGM Resorts International (MGM)
MGM Resorts in Deal Talks With Barry Diller
The casino giant has been negotiating a potential deal with Barry Diller's People Inc. after the media mogul offered to buy the casino giant in early June, according to people familiar with the matter.
MGM Buyout: The House Doesn't Always Win
A buyout proposal for a major casino operator typically creates a straightforward path for investors. The stock price usually settles just below the offer to account for time and deal risk.
Barry Diller's $12.4 billion offer for MGM is a big bet that Vegas is back
Higher travel costs have dinged the Las Vegas tourism industry recently, but some analysts say media mogul Barry Diller's roughly $12.4 billion offer for MGM Resorts International offers up fresh optimism that Vegas may be due for a rebound.
MGM Resorts International receives all-cash takeover bid from People Inc
MGM Resorts International (NYSE:MGM) has received a non-binding, all-cash takeover proposal from American billionaire and media mogul Barry Diller's People Inc, formerly IAC, (NASDAQ: IAC) to acquire the 73.9% of the company it does not already own at $48.30 per share. People Inc said the offer implies an equity value of approximately $18 billion for the remaining stake and represents a 24.1% premium to MGM's 30-day volume-weighted average price through May 29, 2026, as well as a 10.6% premium to the latest closing price.
Barry Diller On The Move As His People Inc. Goes After MGM Resorts
Barry Diller is making his next big move as People Inc. (previously IAC) submitted a non-binding proposal to acquire control of MGM Resorts International. The plan would be to buy outstanding MGM shares that People doesn't already own and take the publicly-traded company private. People Inc.
MGM stock jumps 14% as Barry Diller tables $18B offer
MGM Resorts International shares jumped on Monday after Barry Diller's People Inc. submitted a proposal to acquire the casino operator in a deal that values the company at approximately $18 billion, including debt. People Inc., formerly known as IAC, already owns a 26.1% stake in MGM and has offered to acquire the remaining shares it does not own for $48.30 per share in cash.
Billionaire Barry Diller Wants MGM Resorts For $18B, Report Says
Diller, senior executive and chairman of the internet and media conglomerate he founded in 1995, is worth an estimated $5.2 billion as of Monday. He has been chair of online travel giant Expedia since his company acquired Liberty Expedia in a $2.6 billion deal in 2019 and he built Pier 55 named—a park and performance venue named "Little Island"—in the Hudson River in 2021.
People Inc. Offers to Buy Rest of MGM Resorts, Valuing Company at $18 Billion
Barry Diller, whose company already owns a 26% share of casino giant, has said he sees it as a business that is less at risk of being disintermediated by technology.
Barry Diller's People to put in $18 billion bid for casino giant MGM Resorts
Barry Diller's People Inc. is preparing a bid for MGM Resorts at $48.30 per share, according to CNBC's Andrew Ross Sorkin. The offer would value MGM at more than $18 billion.
MGM: Better Vegas Trends Give The Stock Room To Run
MGM Resorts is showing signs of a Las Vegas Strip turnaround, supported by improving GGR data and recent sell-side upgrades. Q1 earnings were mixed, with a $78M revenue beat but an EPS miss due to non-operational one-offs; underlying trends remain positive. MGM Digital and China segments are growing, while Las Vegas Strip posted its first positive growth in six quarters, fueling optimism for 2024 EBITDA growth.
MGM (MGM) Up 10.3% Since Last Earnings Report: Can It Continue?
MGM (MGM) reported earnings 30 days ago. What's next for the stock?
MGM Resorts: Finally, Las Vegas Tourism Is Stabilizing
MGM Resorts International was upgraded to Overweight by JPMorgan, which outlined stabilizing trends in Las Vegas. Data from early 2026 indeed shows an improvement in Las Vegas tourism trends. I believe that the improvement should be extrapolated cautiously. MGM's other segments have grown well, but with weakening profitability.
