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MGM discusses bid for Barry Diller's People Inc, WSJ reports
Source: reuters.com
M&A & RestructuringMedia & Entertainment
MGM Resorts International is reportedly discussing a bid for Barry Diller's People Inc., one day after People Inc. withdrew its proposal to acquire MGM. The reversal raises the prospect of a media-and-casino M&A transaction, though no bid value, terms, or likelihood of an agreement was disclosed.
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