MGM Resorts Discusses Bid for People Inc. Which Holds 27% Stake in MGM
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MGM Resorts International is discussing making a bid to purchase Barry Diller’s People Inc., which owns a roughly 27% stake in MGM, the Wall Street Journal reported, citing people familiar with the matter.
The potential acquisition reflects MGM's interest in consolidating its ownership and expanding its influence in the gaming and entertainment sector.
MGM ResortsPeople Inc.Barry Diller
Sources
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SourceReports the news
“MGM Resorts International is discussing making a bid to purchase Barry Diller’s People Inc., which owns a roughly 27% stake in MGM, the Wall Street Journal reported, citing people familiar with the matter.”
Bloomberg — MGM Resorts Is Discussing Making a Bid for People: WSJ