MGM Discusses Bid for People Inc After Diller Drops His Own Offer
MGM is discussing a bid for Barry Diller’s People Inc a day after People dropped its $48.30-a-share plan to take MGM private.
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Diller Walks Away From MGM Deal: ‘The Mix Wasn’t Coming Together’
People Inc. withdraws its $48.30-a-share cash offer valuing MGM at $18B. Diller keeps a 27% stake and remains open to a future deal.
Barry Diller Launches $12.4 Billion Bid to Take MGM Resorts Private
MGM says the offer undervalues the company as takeover talks continue.
Barry Diller’s People Inc. Prepares $18 Billion Takeover Bid for MGM Resorts
People Inc. may buy the rest of MGM for $48.30/share, valuing it at $18B+, but the deal is not final yet.
MGM Stock Surges as Analysts Predict Las Vegas Comeback
MGM Resorts shares jumped after Truist and JPMorgan upgraded the stock. Analysts cite returning visitors, strong events, and improving Las Vegas Strip demand.
MGM Resorts Posts Strong Q4 Growth Driven by Casino Revenue
MGM Resorts expects Q4 profit to more than double to $293.6M, beating analyst estimates, while BetMGM swings to profitability with strong online gaming growth.