MGM Resorts Considering Bid for People Inc.
The move comes after the Barry Diller-owned publisher withdrew a takeover bid for the hospitality company The post MGM Resorts Considering Bid for People Inc. appeared first on TheWrap .
MGM Resorts International is reportedly considering a potential bid for People Inc., the publisher formerly known as IAC, following the latter's withdrawal of its own takeover bid in June. The proposed acquisition would have valued MGM at around $18 billion, according to TheWrap. People Inc., which currently holds a 27% stake in MGM, remains open to strategic transactions with the company in the future.
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