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.