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NewsJune 3, 2026·1 min read
Barry Diller's $18B Bid for MGM Resorts: What You Need to Know
Barry Diller's People Inc. has offered $48.30 per share in cash, around $18 billion, for MGM Resorts. People Inc. already owns just over 26% of MGM Resorts and Diller sits on the board of directors of MGM Resorts.
People Inc. would take on $5.6 billion in debt if the deal is approved by the MGM Board of Directors. The acquisition would value MGM at $12.4 billion, with $5.6 billion additional in debt, according to the Wall Street Journal.
MGM owns about 40% of casino operations on the Las Vegas Strip and operates 31 hotel and gaming destinations globally.
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