Could MGM Resorts Buyout People Inc?
Here’s a twist we didn’t see coming: People’s proposed buyout of MGM Resorts fell through. However, recent developments indicate potential takeover talks involving the companies may have completely flipped. In the same week that Barry Diller’s People Inc rescinded an $18 billion offer to acquire th…
Here’s a twist we didn’t see coming: People’s proposed buyout of MGM Resorts fell through. However, recent developments indicate potential takeover talks involving the companies may have completely flipped. In the same week that Barry Diller’s People Inc rescinded an $18 billion offer to acquire the remaining shares in MGM that it does not already own, reports have surfaced that the tables could be turning. Sources close to the matter suggest that MGM may now be considering a takeover bid for People Inc instead. From a market perspective, the rescinded offer and the potential shift in dynamics have proven favourable... The post Could MGM Resorts Buyout People Inc? appeared first on This Week in Gambling.