US Top News and Analysis | Barry Diller's People offers to buy casino giant MGM Resorts for $48.30 per share AI generated summary, Read the full article for complete information. Barry Diller’s company, People Inc. (formerly IAC), has submitted a cash offer to acquire casino operator MGM Resorts International at $48.30 per share, valuing the deal at roughly $18 billion. People, which already owns about 26 % of MGM, says it sees MGM’s tangible assets and digital growth potential as undervalued and believes the partnership can unlock further value, praising the resort’s management team. Diller, a current MGM board member, will recuse himself from any board decisions related to the transaction. Following the announcement, MGM’s shares rose about 15 % in midday trading, while People’s stock gained roughly 2 %. Read more: https://www.cnbc.com/2026/06/01/mgm-resorts-barry-diller-people-bid.html #BarryDiller #PeopleInc #IAC #MGMResorts #CNBC #AndrewRossSorkin