Barry Diller’s People Incorporated seeks to take MGM private in $18B deal

Barry Diller’s People Incorporated has made a move to take MGM Resorts International private, putting forward a cash offer of $48.30 a share for the stock it does not already own. The proposal, revealed Monday (June 1), values MGM at about $18 billion including debt. If completed, it would hand People control of one of the world’s biggest gaming and hospitality operators.