People Incorporated, formerly IAC, has launched an $18bn (£13.4bn) bid to take control of gambling giant MGM Resorts International.
People Incorporated, formerly IAC, has launched an $18bn (£13.4bn) bid to take control of gambling giant MGM Resorts International.
If successful, this takeover bid by People Incorporated could have significant implications not only in the US but also globally, given MGM Resorts' ownership of the iGaming company LeoVegas and the BetMGM sportsbook. People Incorporated, founded by Barry Diller, is making a strategic move in the gambling industry with this ambitious acquisition.
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