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CNBC

Barry Diller's People Inc. proposes all-cash MGM Resorts deal at $48.30 a share

Barry Diller's People Inc. has made an all-cash proposal to acquire MGM Resorts for $48.30 per share. People, formerly known as IAC, already holds about a 26.1% stake in MGM, and Diller said he would recuse himself from board deliberations on the potential transaction.
PEOPLE
PEOPLE-3.01%
AR
AR-4.82%
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