Barry Diller’s People Inc Makes $18 Billion Play For MGM Resorts
Barry Diller is making a major play in the casino and gaming business. The mogul’s holding company People Incorporated is proposing to acquire MGM Resorts in a deal that valued the casino giant at $18 billion. People Inc. (formerly IAC) is already MGM’s largest shareholder, holding more than 26 percent of its stock. It is…