Home › Business & Finance › Media mogul Barry Diller’s People offers to buy MGM...

Business & Finance

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

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

Key Points

Focus on casino operator is sharp departure from media for Diller as markets remain volatileMedia mogul Barry Diller’s People Inc said on Monday it had 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”.

Focus on casino operator is sharp departure from media for Diller as markets remain volatile

Media mogul Barry Diller’s People Inc said on Monday it had 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 Business Read original →

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

Related Stories

My plumber charged $160 to fix a problem in my bathroom — but appears to have created another one. Do I pay again?

Buyer swoops in for actress Dakota Johnson’s $6 million midcentury modern gem in L.A.

SpaceX IPO: What You Need to Know

Forget Coders. The Real A.I. Threat Is in the Back Office.