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Media mogul Barry Diller’s People offers to buy MGM Resorts for over $18bn

The Guardian World Monday 01 June 2026, 15:00 UTC By Reuters 1 min read

Key Points

Focusing in on the casino operator is a sharp departure from media for Diller at a time when markets remain volatileMedia mogul Barry Diller’s People Inc said on Monday it has proposed to buy MGM Resorts, valuing the casino operator at more than $18bn. The offer comes just weeks after Diller, the digital media company’s chair, told shareholders in a 28 April letter that People would sharpen its focus on its MGM stake, calling the stock “wildly undervalued”.

Focusing in on the casino operator is a sharp departure from media for Diller at a time when markets remain volatile

Media mogul Barry Diller’s People Inc said on Monday it has proposed to buy MGM Resorts, valuing the casino operator at more than $18bn.

The offer comes just weeks after Diller, the digital media company’s chair, told shareholders in a 28 April letter that People would sharpen its focus on its MGM stake, calling the stock “wildly undervalued”.

Barry Diller’s (PERSON) MGM Resorts (ORG) Diller (PERSON) People Inc (ORG) MGM (ORG)

Originally published by The Guardian World Read original →

Media mogul Barry Diller’s People offers to buy MGM Resorts for over $18bn

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