Anonymous12 days ago
Barry Diller's People Incorporated has submitted a non-binding proposal to acquire the 73.9% of MGM Resorts International it does not already own for $48.30 per share in cash, valuing the casino giant at approximately $18.8 billion including debt. The offer, which represents a 24% premium over MGM's 30-day average trading price, arrives amid a broader wave of casino consolidation — including Tilman Fertitta's $17.6 billion bid for Caesars Entertainment — and raises questions about fair value, regulatory hurdles, and the future of tens of thousands of hospitality workers.