Barry Diller’s People to bid $18B for casino giant
Barry Diller’s People Inc. is preparing a bid to buy casino giant MGM Resorts, a deal that would value it at more than $18 billion, CNBC’s Andrew Ross Sorkin reported Monday. The proposal has not yet been finalized, though the company is planning an offer of $48.30 per share in cash, Sorkin reported. MGM is…