Barry Diller's People Incorporated has submitted a non-binding offer to acquire MGM Resorts International for more than £13.3 billion ($18 billion). After accounting for debt, the equity value stands at roughly £9.2 billion ($12.4 billion), Inc. reported.
The bid, announced on 1 June, landed just four days after Fertitta Entertainment agreed to purchase Caesars Entertainment for £13 billion ($17.6 billion), marking the second major Las Vegas takeover proposal in under a week.
