Story perspectives

MGM CEO Says It May Consider Acquiring People Inc.

By Drooid · Sep 30, 2026, 10:24 PM UTC · How we work

Summary

Story summary

MGM Resorts International CEO Bill Hornbuckle said the company may consider acquiring People Inc.
People Inc., formerly IAC, holds roughly 27% of MGM and is its largest shareholder.
People Inc. withdrew its $48.30-per-share offer to purchase the remaining MGM shares.
MGM shares traded near $32, below People Inc.’s $48.30 per-share offer.
Caesars shareholders approved a $17.6 billion sale to Fertitta Entertainment, and the FTC issued a second antitrust request.

History

Historical Context

After MGM Grand bought Mirage Resorts in 2000 for $6.4 billion, the FTC reviewed the merger, establishing the first significant antitrust condition on Las Vegas consolidation. That precedent resurfaces as MGM Resorts International faces a 2024 People Inc. offer, prompting a renewed FTC review that could again shape U.S. casino future mergers.

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Story summary

MGM Resorts International CEO Bill Hornbuckle said the company may consider acquiring People Inc.
People Inc., formerly IAC, holds roughly 27% of MGM and is its largest shareholder.
People Inc. withdrew its $48.30-per-share offer to purchase the remaining MGM shares.
MGM shares traded near $32, below People Inc.’s $48.30 per-share offer.
Caesars shareholders approved a $17.6 billion sale to Fertitta Entertainment, and the FTC issued a second antitrust request.

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