Barry Diller Offers to Buy Rest of MGM in Deal Valued at Nearly $19 Billion - Bloomberg.com

Barry Diller Offers to Buy Rest of MGM in Deal Valued at Nearly $19 Billion  Bloomberg.com

Barry Diller’s People Inc. Plans a Takeover Bid for MGM Resorts

The mogul’s People Inc. is preparing an offer to buy the portion of the casino giant that it doesn’t already own, at an $18 billion valuation.

By Andrew Ross Sorkin, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Niko Gallogly, Brian O’Keefe, Vivienne Walt and Ian Mount

Barry Diller launches $18bn takeover offer for MGM Resorts

Casino resort group’s shares jump 14% after media veteran announces take-private plan

Media mogul Barry Diller’s People offers to buy MGM Resorts for over $18bn

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...

By Reuters

Stocks making the biggest moves midday: MGM Resorts, Zoom Communications, Nvidia, Viasat, IBM & more

These are the stocks posting the largest moves midday.

Barry Diller’s $12.4 billion offer for MGM is a big bet that Vegas is back

Las Vegas has suffered from uneven tourism trends as well as sports-betting competition, but analysts say there’s reason to believe things are looking up for Sin City.

By Bill Peters

Billionaire Diller Will Make $18 Billion Bid For MGM Resorts - Forbes

Billionaire Diller Will Make $18 Billion Bid For MGM Resorts  Forbes

MGM Resorts International receives all-cash takeover bid from People Inc

Barry Diller’s People Inc Makes $18 Billion Play For MGM Resorts

The owner of media brands like People, Travel & Leisure and Food & Wine is proposing to buy all the shares in the casino giant that it does not currently own.

By Alex Weprin

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. already holds a sizable 26% stake in MGM Resorts. […]

By Jillg366

MGM Resorts takeout price appears to be too low; may be worth $50-55/shr - analyst

Barry Diller Bets Big On Real-World Assets AI Can't Replace With MGM Resorts Bid

Barry Diller Bets Big On Real-World Assets AI Can't Replace With MGM Resorts Bid People Incorporated, formerly IAC and run by Barry Diller, has submitted a non-binding proposal to acquire the remaining MGM Resorts shares it does not already own for $48.30 per share in cash.  The latest Bloomberg data show People Inc. owns 26.1% of MGM Resorts, or about 66.82 million shares. The offer to buy the remainder would cover roughly 73.9% of MGM that is not already owned. The $48.30-p...

By Tyler Durden