Business

People Inc. Shares Surge on MGM Bid Report

Updated 2026-09-25 15:40 UTC 1 source Positive

Shares in Barry Diller’s People Inc. surged 9% after a report of an unusual role-reversal acquisition bid from MGM Resorts, which already holds a 27% stake in the company.

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Shares in Barry Diller’s People Inc. surged 9% in early trading Friday after a report of an unusual role-reversal acquisition bid from MGM Resorts. Earlier this week, People said it was dropping its $18 billion plan to acquire full control of MGM Resorts, in which it already holds a 27% stake.
2026-09-25 15:27 UTC
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