Barry Diller On The Move As His People Inc. Goes After MGM Resorts
Short excerpt below. Click through to read at the original source.
Barry Diller is making his next big move as People Inc. (previously IAC) submitted a non-binding proposal to acquire control of MGM Resorts International. The plan would be to buy outstanding MGM shares that People doesn’t already own and take the publicly-traded company private. People Inc. already holds a sizable 26% stake in MGM Resorts. […]