✉news BusinessMarkets first seen 7 h ago, last 31 min ago, peak #37
MGM Resorts Eyeing Bid for Barry Diller's People Inc.
Original: Exclusive | MGM Resorts Eyeing Bid for Barry Diller’s People Incorporated
MGM Resorts is considering a bid for People Incorporated, the magazine publisher controlled by Barry Diller, according to a Wall Street Journal exclusive. The potential move would take the casino and entertainment company beyond gaming and hospitality into celebrity and lifestyle media, raising questions about Diller's willingness to part with the title and what price MGM would be prepared to pay.
Why now: A Wall Street Journal exclusive reporting MGM's interest in acquiring the publisher of People magazine has drawn attention in media and markets circles.
MGM ResortsBarry DillerPeople IncorporatedWall Street Journal
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