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Barry Diller’s People Inc. Plans a Takeover Bid for MGM Resorts
Barry Diller’s next big bet is on a giant of the Las Vegas Strip.
Barry Diller’s People Inc. Plans a Takeover Bid for MGM Resorts
Barry Diller’s next big bet is on a giant of the Las Vegas Strip.
Fuji Media’s Real Estate Unit Attracts 1 Trillion Yen Bids
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Barry Diller's People offers to buy casino giant MGM Resorts for $48.30 per share
Barry Diller's People Inc. has offered to buy casino giant MGM Resorts for $48.30 per share in cash. MGM is the company behind major Las Vegas properties including Bellagio and Aria. Shares of MGM were up roughly 11% in early trading Monday.
Barry Diller launches $18bn takeover offer for MGM Resorts
Casino resort group’s shares jump 15% after media veteran’s company People Inc makes take-private bid
Media mogul Barry Diller’s People offers to buy MGM Resorts for over $18bn
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”.
Media mogul Barry Diller’s People offers to buy MGM Resorts for over $18bn
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”.
Bizlink Said to Near Deal to Buy Blackstone’s Interplex Unit
Bizlink Said to Near Deal to Buy Blackstone’s Interplex Unit Bizlink Holding Inc. is nearing a deal to buy the information and communications technology unit of Blackstone Inc.’s Interplex, according to people familiar with the matter. The Taiwanese company and Blackstone are hammering out details of a transaction that could be announced as soon as Wednesday, the people said, asking not to be identified because the deliberations are private. Bizlink is a partner of Nvidia Corp.
Subprime Auto Dealer America’s Car-Mart Seeks Rescue Financing
Subprime Auto Dealer America’s Car-Mart Seeks Rescue Financing America’s Car-Mart Inc., a used car seller and subprime lender, is working on an eleventh hour capital raise to stave off a potential bankruptcy filing after a cash crunch put the company on the verge of default, according to people familiar with the matter. The company’s banker, Houlihan Lokey Inc., has been reaching out to investors to gauge interest in providing at least $500 million of fresh capital, said one of the people,...
Trump-backed super PAC to host a $1M-per-person fundraiser the day before the White House UFC fight
The top super PAC backed by President Donald Trump is set to hold a $1 million-per-person fundraiser Saturday, the day before he hosts Ultimate Fighting Championship matches on the White House grounds. The seven-figure fundraising event will take place at Trump’s golf club in the Washington suburbs, in Northern Virginia, according to four people familiar with the matter. Money raised at the fundraiser will benefit MAGA Inc., which has collected $342 million this election cycle and is...