BUSINESSJun 1 · 15:00 UTCGUARDIAN USReuters

Media mogul Barry Diller’s People offers to buy MGM Resorts for over $18bn

Barry Diller's People Inc has proposed to buy MGM Resorts for over $18 billion, shifting focus from media to the casino operator, which Diller claims is 'wildly undervalued'. The move marks a strategic departure from digital media into the casino sector amid market volatility.

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