MGM Resorts International (MGM)
MGM Resorts: The Buyer Walked Away, Not The Business
MGM Resorts (MGM) trades at a deep discount after a failed $48.30/share takeover, with shares now near $29 despite stable fundamentals. MGM's lease-heavy structure, robust buybacks, and diversified assets underpin a fair value estimate of $45/share, with downside risk to $27. Operating trends have softened, but MGM remains the cheapest among peers on lease-adjusted EBITDAR and free cash flow yield metrics.
MGM Resorts Stock Sinks After Diller Deal Collapse: Overreaction or Warning?
MGM Resorts International NYSE: MGM stock is down about 17% in 2026. Most of that damage has come since the beginning of June.
People Incorporated shares rise over 10% on potential MGM takeover bid
People Incorporated (NASDAQ:PPLI) shares rose 10% to $39.74 on Friday noon after a Wall Street Journal (WSJ) report that MGM Resorts International (NYSE:MGM) is considering a potential takeover bid for the media company. The stock was up $3.81 from Thursday's close of $35.93, extending a sharp move that began in after-hours trading after the report emerged.
MGM Resorts Eyeing Bid for Barry Diller's People Incorporated
The billionaire's company, which has a stake in MGM, also owns titles including Food & Wine magazine.
MGM shares tumble as Barry Diller withdraws $18B buyout proposal
Barry Diller's People Inc withdrew its proposal to buy the outstanding shares of MGM Resorts International (NYSE:MGM) that it does not already own, sending the casino operator's stock down nearly 9% on Thursday morning. The group proposed in June to acquire the MGM shares for $48.30 a share, a deal that valued MGM at more than $18 billion.
MGM Resorts International Sinks 10% as Barry Diller Withdraws $48.30-a-Share Buyout Offer; Caesars Entertainment Barely Moves
Shares of MGM Resorts International (NYSE:MGM | MGM Price Prediction) are sinking in morning trading after Barry Diller's People Inc. (NASDAQ:PPLI) pulled its cash bid for the casino operator's remaining public shares. MGM Resorts International stock is at $34.
MGM Stock Falls 8% on Failed Deal. It's Still a Good Bet.
Barry Diller's People Inc. pulled its offer for the hotel and casino operator on Thursday—but the media mogul may still be interested in a deal.
Barry Diller Withdraws Bid for MGM Resorts
The billionaire had been in talks with the casino operator after offering in June to take a majority stake.
MGM Stock Slips 14% in 3 Months: Is the Pullback a Buying Opportunity?
MGM's 13.9% three-month slide puts its growth plans in focus, but uneven Vegas demand, digital losses and heavy Osaka spending cloud the buy case.
MGM (MGM) Down 5.9% Since Last Earnings Report: Can It Rebound?
MGM (MGM) reported earnings 30 days ago. What's next for the stock?
People Inc: MGM Stake Now Exceeds The Entire Market Cap (Rating Upgrade)
People Inc.'s 66.8 million-share stake in MGM is worth about $2.9 billion at current prices, already exceeding People Inc.'s $2.86 billion market capitalization. People Inc.'s publishing business is improving, with Q2 adjusted EBITDA increasing to $73 million and 2026 EBITDA guidance raised. Including estimated net proceeds from the announced $189 million LP-interest sale, we estimate holdco cash at approximately $939 million.
MGM Resorts International Is Worth Betting On
MGM Resorts International remains a Buy due to attractive valuation and strong balance sheet despite recent underperformance versus the S&P 500. MGM's growth is driven by MGM China and MGM Digital, while Las Vegas and regional operations face near-term headwinds from weak visitation and consumer sentiment. Management is investing in long-term growth, including the MGM Osaka resort in Japan and expanding digital and sports-betting platforms.
