Barry Diller's People Inc. Plans $48.30 Bid for MGM Resorts
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 01 2026
0mins
Source: Newsfilter
- Acquisition Proposal: Barry Diller's People Inc. is preparing a bid to acquire MGM Resorts at $48.30 per share, valuing the company at over $18 billion, which reflects strong confidence in MGM's future growth potential.
- Market Reaction: Following the announcement, MGM's stock rose approximately 14% in premarket trading, while shares of Diller's firm increased by 4%, indicating positive market sentiment towards the acquisition proposal.
- Board Dynamics: Although Diller serves on MGM's board, he will recuse himself from any vote regarding the potential deal, ensuring transparency and fairness in the transaction while mitigating conflict of interest risks.
- Shareholding Background: People Inc. currently holds a 26.1% stake in MGM, and this acquisition proposal not only reinforces its investment but also potentially paves the way for future strategic integration.
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Analyst Views on MGM
Wall Street analysts forecast MGM stock price to fall
14 Analyst Rating
5 Buy
7 Hold
2 Sell
Hold
Current: 48.970
Low
29.00
Averages
40.31
High
56.00
Current: 48.970
Low
29.00
Averages
40.31
High
56.00
About MGM
MGM Resorts International is a global gaming and entertainment company with national and international destinations featuring hotels and casinos, meetings and conference spaces, incredible live and theatrical entertainment experiences, and a range of restaurants, nightlife and retail offerings. Its segment includes Las Vegas Strip Resorts, Regional Operations, MGM China, and MGM Digital. Las Vegas Strip Resorts consists of casino resorts: Aria, Bellagio, The Cosmopolitan of Las Vegas, MGM Grand Las Vegas, Mandalay Bay, Luxor, New York-New York, Excalibur, and Park MGM. Regional Operations consists of various casino properties: MGM Grand Detroit in Detroit, Michigan; Beau Rivage in Biloxi, Mississippi; Gold Strike Tunica in Tunica, Borgata in Atlantic City, New Jersey; MGM National Harbor in Prince George’s County, Maryland; MGM Springfield in Springfield, Massachusetts; Empire City in Yonkers, New York, and others. MGM Digital is its online gaming portfolio which consists of LeoVegas.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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