Barry Diller On The Move As His People Inc. Goes After MGM Resorts

Barry Diller is making his next big move as People Inc. (previously IAC) submitted a non-binding proposal to acquire control of MGM Resorts International. The plan would be to buy outstanding MGM shares that People doesn’t already own and take the publicly-traded company private. People Inc. already holds a sizable 26% stake in MGM Resorts. […]