MGM · MGM Resorts International

MGM Resorts International MGM

Operates casino resorts, hotels, and entertainment venues, primarily on the Las Vegas Strip and in regional markets.

Daily briefSeptember 25, 2026

MGM Resorts rises as it weighs a role-reversal bid for Barry Diller's People Inc.

-3.29% to $32.58 from $33.69

The Wall Street Journal reported that MGM Resorts is weighing a potential takeover bid for Barry Diller’s People Incorporated, which owns nearly 27% of MGM.
The report comes two days after People Inc. withdrew its own roughly $18 billion proposal to acquire the MGM shares it did not already own.
People Inc. shares surged about 9% in early trading on the report, while MGM shares also edged higher.
People Incorporated’s stake in MGM is valued at approximately $2.5 billion.

Sources: Investing.com · Deadline · Benzinga

Daily briefSeptember 24, 2026

-10.99% to $33.69 from $37.85

People Inc., which holds a 27% stake in MGM, told the company it would not pursue taking MGM private “at this time,” after months of negotiation with a special committee of MGM’s board.
Diller had offered $48.30 per share for the roughly 73% of MGM it did not already own, valuing the proposed deal at about $18 billion.
Diller said in a statement that “we didn’t feel the mix was coming together in the way we had hoped” but that People remains open to a future strategic transaction with MGM.
MGM Chairman Paul Salem said the board remains committed to executing the company’s strategy “as a standalone business.”

Sources: CNBC · Skift · The Nevada Independent · asgam.com

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