Mergers & AcquisitionsMedium•24 September 2026•
1 min read
MGM Resorts Explores Potential Acquisition of People Incorporated
Key Facts
1MGM Resorts is considering a bid to acquire Barry Diller's People Incorporated.
2People Incorporated holds a stake in MGM and owns media titles including Food & Wine magazine.
MGM Resorts is considering a bid to acquire People Incorporated, a company controlled by billionaire Barry Diller. The Wall Street Journal reported that People Incorporated already holds an equity stake in MGM and owns various media titles, including Food & Wine magazine.
PPLI closed at $35.97 on September 23, 2026, after reaching a day high of $37 and a low of $35.79. The potential acquisition represents a strategic consolidation, as the target company is already a shareholder in MGM and maintains a diverse portfolio of media assets.