The casino giant has been negotiating a potential deal with Barry Diller's People Inc. after the media mogul offered to buy the casino giant in early June, according to people familiar with the matter.

wsj.com - 2026-07-10 17:51:00

The media industry has spent the better part of a decade working to capture the attention of audiences whose content consumption habits have diversified to include many options beyond legacy models. Increasingly, the vertical screen has become the dominant one in people's lives.

forbes.com - 2026-06-10 16:25:15

Shares will begin trading under new Nasdaq stock symbol "PPLI" effective at market open today NEW YORK, June 4, 2026 /PRNewswire/ -- Today People Incorporated, formerly IAC (Nasdaq: IAC), announced its legal name change and that the Company's common stock, listed on the Nasdaq Capital Market, will begin trading under the new ticker symbol PPLI, effective at market open today June 4, 2026. People Incorporated is the public entity that owns America's largest publisher People Inc., and a significant minority stake in MGM Resorts International.

prnewswire.com - 2026-06-04 09:00:00

Bloomberg Intelligence's Jody Lurie joins Scarlet Fu on "Bloomberg Deals." Barry Diller has made an offer for the remaining portion of MGM Resorts International he doesn't already own, marking the latest pivot for the billionaire media mogul after overhauling IAC.

youtube.com - 2026-06-03 15:43:35

A buyout proposal for a major casino operator typically creates a straightforward path for investors. The stock price usually settles just below the offer to account for time and deal risk.

marketbeat.com - 2026-06-02 09:32:11

OKLAHOMA CITY, June 01, 2026 (GLOBE NEWSWIRE) -- Murphy Law Firm is investigating claims on behalf of all individuals whose personal and confidential information was compromised in the data breach involving Industrial Acceptance Corporation d/b/a IAC, Inc. To join the class action lawsuit, visit our site HERE. On February 24, 2025, Industrial Acceptance Corporation d/b/a IAC, Inc. (“IAC”) became aware of suspicious activity on its computer network, indicating a data breach.

globenewswire.com - 2026-06-01 15:09:00

MGM Resorts International (NYSE:MGM) has received a non-binding, all-cash takeover proposal from American billionaire and media mogul Barry Diller's People Inc, formerly IAC, (NASDAQ: IAC) to acquire the 73.9% of the company it does not already own at $48.30 per share. People Inc said the offer implies an equity value of approximately $18 billion for the remaining stake and represents a 24.1% premium to MGM's 30-day volume-weighted average price through May 29, 2026, as well as a 10.6% premium to the latest closing price.

proactiveinvestors.com - 2026-06-01 12:16:59

Barry Diller is making his next big move as People Inc. (previously IAC) submitted a non-binding proposal to acquire control of MGM Resorts International. The plan would be to buy outstanding MGM shares that People doesn't already own and take the publicly-traded company private. People Inc.

deadline.com - 2026-06-01 11:45:07

Focusing in on the casino operator is a sharp departure from media for Diller at a time when markets remain volatile

theguardian.com - 2026-06-01 11:00:10

MGM Resorts International shares jumped on Monday after Barry Diller's People Inc. submitted a proposal to acquire the casino operator in a deal that values the company at approximately $18 billion, including debt. People Inc., formerly known as IAC, already owns a 26.1% stake in MGM and has offered to acquire the remaining shares it does not own for $48.30 per share in cash.

invezz.com - 2026-06-01 10:59:07

Diller, senior executive and chairman of the internet and media conglomerate he founded in 1995, is worth an estimated $5.2 billion as of Monday. He has been chair of online travel giant Expedia since his company acquired Liberty Expedia in a $2.6 billion deal in 2019 and he built Pier 55 named—a park and performance venue named "Little Island"—in the Hudson River in 2021.

forbes.com - 2026-06-01 09:55:10

Barry Diller, whose company already owns a 26% share of casino giant, has said he sees it as a business that is less at risk of being disintermediated by technology.

wsj.com - 2026-06-01 09:22:00

NEW YORK, June 1, 2026 /PRNewswire/ -- People Incorporated, previously IAC (NASDAQ: IAC), announced today that it has submitted a non-binding proposal to the Board of Directors of MGM Resorts International (NYSE: MGM) to acquire all outstanding shares of MGM that People Incorporated does not already own for $48.30 per share in cash.  This proposal represents a premium of 24.1% to the volume-weighted average price of MGM common stock for the 30 trading days ending on May 29, 2026, a more than 30% premium to the stock's volume-weighted average price for the 90 trading days ending on the same date, and a 10.6% premium to the most recent closing price.

prnewswire.com - 2026-06-01 09:00:00

People Inc. is preparing an offer to acquire MGM Resorts for $18 billion in cash, The New York Times reports.

barrons.com - 2026-06-01 08:56:00

IAC NASDAQ: IAC executives said the company's recent consolidation plan is intended to simplify its structure, reduce corporate expense and narrow what management views as a discount in the company's share price.

marketbeat.com - 2026-05-30 06:03:53

IAC Inc. (IAC) Presents at TD Cowen's 54th Annual Technology, Media & Telecom Conference Transcript

seekingalpha.com - 2026-05-27 17:57:04

Simplification of the business from a holding company to just People Inc. (Publishing) and MGM Resorts (Betting) should help close the conglomerate discount gap vs. fair value. Selling off non-core assets like Turo and Vivian, followed by shareholder-friendly allocation of capital, should boost the stock price, with buybacks being the first method of returning capital to shareholders. Dealmaking is still part of IAC's (now People Inc.) DNA, and this could mean deals with Entain/BetMGM or peers like Ziff Davis to develop their existing businesses.

seekingalpha.com - 2026-05-26 02:31:41

IAC NASDAQ: IAC is continuing its transformation from a holding company into People Incorporated, with executives describing the shift as a continuation of a strategy outlined earlier this year that includes asset sales, cost reductions and a sharper focus on People Inc. and MGM Resorts International.

marketbeat.com - 2026-05-25 02:02:46

NEW YORK, May 20, 2026 /PRNewswire/ -- IAC (NASDAQ: IAC) will participate in the 54th Annual TD Cowen Technology, Media and Telecom Conference on Wednesday, May 27, 2026. Christopher Halpin, Executive Vice President, COO and CFO of IAC and Tim Quinn, CFO of People Inc. will participate in a fireside chat at 3:00 p.m.

prnewswire.com - 2026-05-20 16:10:00

IAC Inc. (IAC) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript

seekingalpha.com - 2026-05-19 20:50:42

NEW YORK, May 12, 2026 /PRNewswire/ -- IAC (NASDAQ: IAC) will participate in the Annual J.P. Morgan Global Technology, Media and Communications Conference on Tuesday, May 19, 2026.

prnewswire.com - 2026-05-12 16:10:00

The shutdown underscores how the once-crowded search industry has consolidated over time, leaving smaller or legacy platforms unable to compete at scale.

nypost.com - 2026-05-12 01:38:24

Pre-Market Stock Futures: Futures are trading higher on Wednesday as news of an impending end to the Iran war is sending oil prices dramatically lower. This news comes after a bounce-back Tuesday that benefited from lower oil prices, some strong earnings, and solid buying from retail investors. At the same time, hedge funds continue to... Here Are Wednesday's Top Wall Street Analyst Research Calls: Advanced Micro Devices, American Eagle Outfitters, GlobalFoundries, IAC, Merck, Palantir Technologies, Reddit, and More

247wallst.com - 2026-05-06 07:51:04

IAC Inc. (IAC) Q1 2026 Earnings Call Transcript

seekingalpha.com - 2026-05-05 17:11:20

Although the revenue and EPS for IAC (IAC) give a sense of how its business performed in the quarter ended March 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

zacks.com - 2026-05-04 21:00:16

IAC (IAC) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.34. This compares to a loss of $2.8 per share a year ago.

zacks.com - 2026-05-04 18:50:26

The New York City-based media holding company said revenue from People, which makes up the bulk of the company's top line, fell 2%.

wsj.com - 2026-05-04 16:50:00

NEW YORK, May 4, 2026 /PRNewswire/ -- IAC (NASDAQ: IAC) posted its first quarter financial results on the investor relations section of its website at https://ir.iac.com/quarterly-results. As announced previously, IAC will host a conference call to discuss the company's first quarter results and to answer questions.

prnewswire.com - 2026-05-04 16:10:00

The name change and cost-cutting are moves to focus on People's digital operations, alongside the company's increasing stake in MGM Resorts International, Chairman Barry Diller said in a letter.

wsj.com - 2026-04-28 11:41:00

NEW YORK, April 28, 2026 /PRNewswire/ -- IAC (NASDAQ: IAC) today announced the company is changing its name to People Incorporated as it continues to sharpen its focus on its People Inc. publishing business and its investment in MGM Resorts International. The name change is expected to occur by the company's second quarter earnings in August.

prnewswire.com - 2026-04-28 08:35:00

IAC trades below the value of its parts today, even without any aggressive restructuring efforts by the management. The core value sits in People Digital, the MGM stake, and HoldCo cash, while the market continues to discount the company for the complexity of the portfolio. The thesis treats Search, Print, and smaller private assets as valuation components inside the SOTP.

seekingalpha.com - 2026-04-16 11:09:30

On April 15, 2026, IAC Inc (IAC) shares rose 3.3% today, reaching a current price of $43.24. The stock has exhibited significant volatility over the past year,

gurufocus.com - 2026-04-15 19:12:00