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

01.06.2026 18:00 | The Guardian World

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”. Continue reading...

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