MGM Resorts' Shares up on WSJ Report of Deal Talks with Barry Diller

Dow Jones07-11

Shares of MGM Resorts International rose after The Wall Street Journal reported the casino gaming company is in negotiations with and may be acquired by Barry Diller and his firm People Inc.

The stock rose 3.2% to $48.40 in after-hours trading on Friday. It closed the market session up 1% at $46.88, and has climbed 38% this year.

MGM has set up a board committee and engaged advisers to evaluate Diller's June 1 proposal to buy the company for $48.30 a share, the Journal reported, citing people familiar with the matter. At that price MGM would be valued at about $12.4 billion.

MGM believes that Diller's offer undervalues the company, the Journal reported, adding that a deal between the two sides may not be reached.

Diller is working to line up financing for the deal with the help of bankers, including some at JPMorgan Chase, the Journal reported.

Diller's company already has a 26% stake in MGM, and has said it will be unable to recognize its full potential as a public company.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

July 10, 2026 18:25 ET (22:25 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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It closed the market session up 1% at $46.88, and has climbed 38% this year. \n\n\n  MGM has set up a board committee and engaged advisers to evaluate Diller's June 1 proposal to buy the company for $48.30 a share, the Journal reported, citing people familiar with the matter. 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