MGM discusses bid for Barry Diller’s People Inc, reportedly
MGM•MGM Resorts International is reportedly discussing a bid for Barry Diller’s People Inc, a day after People withdrew its proposal to buy MGM. MGM could make a proposal in the coming days if it decides to proceed.
1. Potential bid
MGM Resorts International is discussing making a bid to purchase People Inc, the Wall Street Journal reportedly said, citing people familiar with the matter. The report said MGM could make a proposal in the coming days if it decides to proceed.
2. Earlier proposal withdrawn
People Inc withdrew its proposal to buy MGM Resorts a day earlier. Reuters said it could not immediately verify the report.
