Billionaire media mogul’s company offers to buy MGM Resorts in $18B deal

Billionaire media mogul’s company offers to buy MGM Resorts in $18B deal

LAS VEGAS (TNS) — Less than a week after a multibillion-dollar deal for one of the country’s largest casino operators was announced, another gambling giant could soon be acquired.

Debt funding emerges as key uncertainty in People Inc.’s MGM Resorts takeover bid: CreditSights

People Inc.’s MGM Resorts takeover bid is seen as having limited immediate impact on MGM China, but debt funding remains the key uncertainty The post Debt funding emerges as key uncertainty in People Inc.’s MGM Resorts takeover bid: CreditSights first appeared on Asia Gaming News | AGB - Asia Gaming Brief.

Seaport: MGM Resorts could divest interest in MGM China and MGM Osaka if People Inc’s takeover bid proves successful

MGM Resorts International could divest its 56% stake in MGM China and 40% interest in the MGM Osaka development in Japan under the ownership of Barry Diller’s People Inc, according to commentary from Seaport Research Partners. However, questions remain over whether the MGM Resorts board will seriously consider the bid submitted by People Inc this week, which values the company at US$18 billion and is described by Seaport as low. As reported by I…