Friday 25 Sep 2026
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(Sept 25): MGM Resorts International is discussing making a bid to purchase Barry Diller’s People Inc, which owns a roughly 27% stake in MGM, the Wall Street Journal reported, citing people familiar with the matter. 

The news comes after People withdrew its own bid on Wednesday to buy the rest of the casino and resort company. 

People, which owns its namesake magazine as well as other publications, has a market value of about US$2.7 billion. Diller had said in a statement on Wednesday that while his deal for MGM didn’t materialise, he was open to other possible transactions. 

A spokesperson for the longtime entertainment and technology executive declined to comment.

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