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People Inc Acquires MGM Resorts Shares
Originally published Jun 1, 2026
By Alex Weprin · The Hollywood Reporter — Movies
AI-generated summary based on The Hollywood Reporter — Movies · Aggregated by Filmarian · Human-reviewed and approved on Jun 1, 2026
Key points
- People Inc is proposing to buy all shares of MGM Resorts it does not already own.
- The acquisition is valued at $18 billion.
- The media company owns brands like People, Travel & Leisure, and Food & Wine.
- The move represents a major expansion into hospitality and entertainment.
- Deal details remain undisclosed in the excerpt.
Barry Diller's People Inc is proposing to buy all shares of MGM Resorts it does not already own. The media company, which owns People, Travel & Leisure, and Food & Wine, is making an $18 billion play for the casino giant. The move signals a major expansion into the hospitality and entertainment sectors for the media firm. The acquisition could reshape the landscape for both industries. Key details of the deal remain undisclosed in the excerpt.
Read the original story: The Hollywood Reporter — Movies