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MGM Resorts Eyes Bid for Barry Diller's People Inc.

Wall Street Journal US Business •
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MGM Resorts International is considering a bid for Barry Diller’s People Incorporated, a company that holds a stake in MGM itself and owns titles like Food & Wine magazine. The Wall Street Journal reported the potential move, citing sources familiar with the matter.

People Incorporated also operates other media properties, though specific financial details or a timeline for any offer remain undisclosed. The bid would represent a strategic expansion for MGM Resorts beyond its core casino and hospitality business.

Barry Diller, a billionaire media mogul, has a long history with the company and its assets. MGM Resorts has not publicly commented on the report. The outcome could reshape the landscape for both the entertainment and publishing sectors.