People Incorporated Changes Name and Stock Symbol to PPLI
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 04 2026
0mins
Source: PRnewswire
- Ticker Change: People Incorporated, formerly known as IAC, announced that its common stock will begin trading under the new ticker symbol PPLI on Nasdaq effective June 4, 2026, marking a significant step in the company's rebranding efforts that are expected to enhance market visibility.
- Company Overview: As the parent company of America's largest publisher, People Inc., which boasts over 40 celebrated brands attracting 175 million consumers monthly, People Incorporated demonstrates its strong influence and market share in the media industry.
- Shareholder Communication: The planned name and ticker change was previously disclosed in a shareholder letter dated April 28, 2026, indicating the company's commitment to transparency and shareholder engagement, aimed at bolstering investor confidence.
- Strategic Vision: The rebranding of People Incorporated reflects its long-term strategic vision in the media and internet sectors, emphasizing investments in brand value and consumer experiences, with the goal of driving future growth through continuous innovation and value creation.
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Analyst Views on IAC
Wall Street analysts forecast IAC stock price to rise
9 Analyst Rating
7 Buy
2 Hold
0 Sell
Strong Buy
Current: 42.240
Low
39.00
Averages
48.11
High
60.00
Current: 42.240
Low
39.00
Averages
48.11
High
60.00
About IAC
IAC Inc. is engaged in building companies. The Company's segments include Dotdash Meredith, Care.com, Search, and Emerging & Other. Its Dotdash Meredith segment consists of its digital and print businesses. Through its digital businesses, it provides original and engaging digital content in a variety of formats, including articles, illustrations, videos, and images. Its print business is a magazine publisher, which has published over 18 magazines, as well as 370 special interest publications. Its Search segment consists of Ask Media Group, a collection of Websites providing general search services and information, and a Desktop business, which includes business-to-business partnership operations and direct-to-consumer downloadable desktop applications. Its Care.com primarily provides online consumer matching and consumer payment solutions for families searching for care, among others. Its Emerging & Other segment includes Vivian Health, The Daily Beast and IAC Films.
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.
People Incorporated Changes Name and Stock Symbol to PPLI
- Ticker Change: People Incorporated, formerly known as IAC, announced that its common stock will begin trading under the new ticker symbol PPLI on Nasdaq effective June 4, 2026, marking a significant step in the company's rebranding efforts that are expected to enhance market visibility.
- Company Overview: As the parent company of America's largest publisher, People Inc., which boasts over 40 celebrated brands attracting 175 million consumers monthly, People Incorporated demonstrates its strong influence and market share in the media industry.
- Shareholder Communication: The planned name and ticker change was previously disclosed in a shareholder letter dated April 28, 2026, indicating the company's commitment to transparency and shareholder engagement, aimed at bolstering investor confidence.
- Strategic Vision: The rebranding of People Incorporated reflects its long-term strategic vision in the media and internet sectors, emphasizing investments in brand value and consumer experiences, with the goal of driving future growth through continuous innovation and value creation.
See More
People Inc. Proposes Acquisition of MGM at $48.30 per Share
- Acquisition Proposal Analysis: People Inc. has proposed to acquire the remaining shares of MGM at $48.30 per share in cash, although Stifel believes this offer undervalues MGM, with the stock currently trading above the bid price, indicating market expectations for a higher offer.
- Market Reaction and Valuation: MGM's stock fell 0.7% on Monday after reaching a year-high of $51.56 during regular trading, with Stifel suggesting that MGM's board may reject the current offer and push for a higher acquisition price.
- Investor Sentiment Shift: On Stocktwits, retail investor sentiment around MGM rose from 'bullish' to 'extremely bullish', reflecting positive market expectations for the acquisition, with some users suggesting that this deal would facilitate People Inc.'s easier takeover of MGM's digital platform, betMGM.
- Long-Term Growth Potential: Truist analysts noted that full ownership of MGM could simplify People Inc.'s investment narrative and allow MGM to focus on long-term growth without the pressure of short-term results, although privatization may face scrutiny over reduced transparency.
See More
Barry Diller's Low Offer for MGM Resorts May Be Rejected
- Acquisition Offer Analysis: Barry Diller's $48.30 per share offer for MGM Resorts (MGM) is deemed too low by analysts, suggesting it may be rejected by MGM's board, indicating market expectations for a higher bid.
- Market Valuation Comparison: Analyst Steven M. Wieczynski estimates MGM's fair value should be between $50-55 per share, based on Tilman Fertitta's recent acquisition of Caesars Entertainment (CZR) at $31 per share, reflecting market recognition of MGM's potential value.
- Stock Price Reaction: Following the announcement of Diller's bid, MGM's stock surged 17%, trading above $51 per share, indicating investor belief that MGM's value is underestimated and anticipation of a higher acquisition offer.
- Strategic Buyer Outlook: Analysts note that despite optimism regarding MGM's high-quality assets and growth potential, the lack of credible strategic buyers may hinder the acquisition process, particularly given People's ~26% voting rights, which may deter potential private equity buyers.
See More
Barry Diller's Firm Proposes $18 Billion MGM Buyout
- Bid Proposal Details: Barry Diller's firm, People Inc., has submitted an all-cash bid of $48.30 per share for MGM Resorts, valuing the total deal at $18 billion while assuming $6 billion in debt, reflecting confidence in MGM's future potential.
- Shareholder Value Assurance: The acquisition offer represents a roughly 10% premium over MGM's last closing price, and upon completion, People Inc. would own a 50.1% controlling interest in MGM, ensuring existing shareholders receive cash premiums and enhancing shareholder value.
- Positive Market Reaction: MGM shares rose over 11% in premarket trading, indicating a favorable market response to the buyout proposal, with retail investor sentiment shifting from 'bullish' to 'extremely bullish', showcasing optimism about MGM's future prospects.
- Corporate Restructuring Strategy: People Inc. has streamlined its investments towards media publishing brands, with Diller stating the company has a strong balance sheet and ample cash, indicating potential for exploring new investment opportunities to further enhance market competitiveness.
See More
People Incorporated Proposes Acquisition of MGM Resorts
- Acquisition Proposal: People Incorporated has submitted a non-binding proposal to acquire all outstanding shares of MGM Resorts not already owned, offering $48.30 per share, with current ownership at 26.1%, aiming to control over 50.1% of the equity, thereby enhancing its control over MGM.
- Investor Structure: People Incorporated indicated that post-acquisition, it would hold equity alongside other investors, potentially including existing shareholders, creating a diversified shareholder structure that ensures stability and continuity in corporate governance.
- Cash Premium Commitment: People Incorporated commits to providing MGM's public shareholders with an attractive cash premium, aiming to transition MGM into a private company, thereby creating higher value for shareholders and enhancing operational flexibility.
- Market Reaction: In pre-market trading on the NYSE, MGM shares rose 11.45% to $48.67, reflecting a positive market response to the acquisition proposal, indicating investor confidence and expectations for future growth.
See More
People Incorporated Proposes Acquisition of MGM Resorts at $48.30 per Share
- Acquisition Proposal Overview: People Incorporated has proposed to acquire all outstanding shares of MGM Resorts not already owned for $48.30 per share in cash, representing a 24.1% premium to the volume-weighted average price over the last 30 trading days, indicating strong confidence in MGM's value.
- Funding Strategy: The acquisition is expected to be funded through a combination of existing cash on hand, MGM's funds, and additional debt and equity financing, with People Incorporated anticipating to own over 50.1% of MGM's equity, thereby controlling the business.
- Market Reaction Expectations: This proposal offers MGM shareholders immediate cash value, reducing investment risk, while also providing People Incorporated with an opportunity to further develop MGM, which is expected to enhance shareholder value for both companies.
- Management Continuity: People Incorporated has stated that MGM's current management team will continue to lead the company, ensuring stability and ongoing growth, reflecting confidence in MGM's future development.
See More
People Incorporated Changes Name and Stock Symbol to PPLI
- Ticker Change: People Incorporated, formerly known as IAC, announced that its common stock will begin trading under the new ticker symbol PPLI on Nasdaq effective June 4, 2026, marking a significant step in the company's rebranding efforts that are expected to enhance market visibility.
- Company Overview: As the parent company of America's largest publisher, People Inc., which boasts over 40 celebrated brands attracting 175 million consumers monthly, People Incorporated demonstrates its strong influence and market share in the media industry.
- Shareholder Communication: The planned name and ticker change was previously disclosed in a shareholder letter dated April 28, 2026, indicating the company's commitment to transparency and shareholder engagement, aimed at bolstering investor confidence.
- Strategic Vision: The rebranding of People Incorporated reflects its long-term strategic vision in the media and internet sectors, emphasizing investments in brand value and consumer experiences, with the goal of driving future growth through continuous innovation and value creation.
See More
People Inc. Proposes Acquisition of MGM at $48.30 per Share
- Acquisition Proposal Analysis: People Inc. has proposed to acquire the remaining shares of MGM at $48.30 per share in cash, although Stifel believes this offer undervalues MGM, with the stock currently trading above the bid price, indicating market expectations for a higher offer.
- Market Reaction and Valuation: MGM's stock fell 0.7% on Monday after reaching a year-high of $51.56 during regular trading, with Stifel suggesting that MGM's board may reject the current offer and push for a higher acquisition price.
- Investor Sentiment Shift: On Stocktwits, retail investor sentiment around MGM rose from 'bullish' to 'extremely bullish', reflecting positive market expectations for the acquisition, with some users suggesting that this deal would facilitate People Inc.'s easier takeover of MGM's digital platform, betMGM.
- Long-Term Growth Potential: Truist analysts noted that full ownership of MGM could simplify People Inc.'s investment narrative and allow MGM to focus on long-term growth without the pressure of short-term results, although privatization may face scrutiny over reduced transparency.
See More
Barry Diller's Low Offer for MGM Resorts May Be Rejected
- Acquisition Offer Analysis: Barry Diller's $48.30 per share offer for MGM Resorts (MGM) is deemed too low by analysts, suggesting it may be rejected by MGM's board, indicating market expectations for a higher bid.
- Market Valuation Comparison: Analyst Steven M. Wieczynski estimates MGM's fair value should be between $50-55 per share, based on Tilman Fertitta's recent acquisition of Caesars Entertainment (CZR) at $31 per share, reflecting market recognition of MGM's potential value.
- Stock Price Reaction: Following the announcement of Diller's bid, MGM's stock surged 17%, trading above $51 per share, indicating investor belief that MGM's value is underestimated and anticipation of a higher acquisition offer.
- Strategic Buyer Outlook: Analysts note that despite optimism regarding MGM's high-quality assets and growth potential, the lack of credible strategic buyers may hinder the acquisition process, particularly given People's ~26% voting rights, which may deter potential private equity buyers.
See More
Barry Diller's Firm Proposes $18 Billion MGM Buyout
- Bid Proposal Details: Barry Diller's firm, People Inc., has submitted an all-cash bid of $48.30 per share for MGM Resorts, valuing the total deal at $18 billion while assuming $6 billion in debt, reflecting confidence in MGM's future potential.
- Shareholder Value Assurance: The acquisition offer represents a roughly 10% premium over MGM's last closing price, and upon completion, People Inc. would own a 50.1% controlling interest in MGM, ensuring existing shareholders receive cash premiums and enhancing shareholder value.
- Positive Market Reaction: MGM shares rose over 11% in premarket trading, indicating a favorable market response to the buyout proposal, with retail investor sentiment shifting from 'bullish' to 'extremely bullish', showcasing optimism about MGM's future prospects.
- Corporate Restructuring Strategy: People Inc. has streamlined its investments towards media publishing brands, with Diller stating the company has a strong balance sheet and ample cash, indicating potential for exploring new investment opportunities to further enhance market competitiveness.
See More
People Incorporated Proposes Acquisition of MGM Resorts
- Acquisition Proposal: People Incorporated has submitted a non-binding proposal to acquire all outstanding shares of MGM Resorts not already owned, offering $48.30 per share, with current ownership at 26.1%, aiming to control over 50.1% of the equity, thereby enhancing its control over MGM.
- Investor Structure: People Incorporated indicated that post-acquisition, it would hold equity alongside other investors, potentially including existing shareholders, creating a diversified shareholder structure that ensures stability and continuity in corporate governance.
- Cash Premium Commitment: People Incorporated commits to providing MGM's public shareholders with an attractive cash premium, aiming to transition MGM into a private company, thereby creating higher value for shareholders and enhancing operational flexibility.
- Market Reaction: In pre-market trading on the NYSE, MGM shares rose 11.45% to $48.67, reflecting a positive market response to the acquisition proposal, indicating investor confidence and expectations for future growth.
See More
People Incorporated Proposes Acquisition of MGM Resorts at $48.30 per Share
- Acquisition Proposal Overview: People Incorporated has proposed to acquire all outstanding shares of MGM Resorts not already owned for $48.30 per share in cash, representing a 24.1% premium to the volume-weighted average price over the last 30 trading days, indicating strong confidence in MGM's value.
- Funding Strategy: The acquisition is expected to be funded through a combination of existing cash on hand, MGM's funds, and additional debt and equity financing, with People Incorporated anticipating to own over 50.1% of MGM's equity, thereby controlling the business.
- Market Reaction Expectations: This proposal offers MGM shareholders immediate cash value, reducing investment risk, while also providing People Incorporated with an opportunity to further develop MGM, which is expected to enhance shareholder value for both companies.
- Management Continuity: People Incorporated has stated that MGM's current management team will continue to lead the company, ensuring stability and ongoing growth, reflecting confidence in MGM's future development.
See More
