Media mogul Barry Diller's People Inc. has made an offer to acquire MGM Resorts International in a deal valuing the casino operator at more than $18 billion.
The proposal from People, formerly known as IAC, comes shortly after Tilman Fertitta's firm agreed to acquire Caesars Entertainment, indicating a trend of consolidation in the U.S. casino sector. People's bid for MGM Resorts is a significant move in the evolving landscape of the gambling industry.
