People Incorporated proposes US$18bn acquisition of MGM Resorts
People Incorporated has proposed acquiring the MGM Resorts International shares it does not already own for US$48.30 per share in cash, reportedly valuing the offer at US$18bn. The proposal is not a completed transaction; People Incorporated already holds roughly a quarter of MGM. The plan would be financed with existing cash, new debt and outside equity investment.
The proposal could change MGM’s ownership, but it remains uncompleted and would rely partly on new financing.