People Incorporated, formerly IAC and run by Barry Diller, has submitted a non-binding proposal to acquire the remaining MGM Resorts shares it does not already own for $48.30 per share in cash.
The latest Bloomberg data show People Inc. owns 26.1% of MGM Resorts, or about 66.82 million shares. The offer to buy the remainder would cover roughly 73.9% of MGM that is not already owned.
The $48.30-per-share offer represents a 24.1% premium to MGM's 30-day volume-weighted average price, more than a 30% premium to its 90-day VWAP, and a 10.6% premium to the most recent closing price. Such a deal would value MGM Resorts at $18.8 billion, including debt
MGM Resorts shares are up 15% in late morning trade.
"We began investing in MGM nearly six years ago because we believed it represented a rare kind of business: one with real-world assets that AI cannot easily replicate or disintermediate and exceptional digital growth opportunities. That conviction has only strengthened over time," Diller wrote in a statement.
He continued, "We continue to believe the market materially undervalues the power and durability of MGM's assets. We believe MGM's management team is superb, and that there is a compelling opportunity to support MGM's next phase of growth and help unlock its full value."
People Inc. expects MGM to go private if the deal proceeds. It would fund the transaction with cash on hand at both People and MGM, as well as additional debt and equity commitments.
"People Incorporated expects that it will own just over 50.1% of the equity of the company, with other investors (which may include existing shareholders of MGM) holding minority interests. People Incorporated would control the MGM business," Diller's firm stated.
News of the take-MGM-private deal comes days after Tilman Fertitta, the Texas billionaire behind Golden Nugget and Landry's, reportedly prepared a $5.7 billion takeover of Caesars Entertainment.
Is Wall Street's next big trade a rush into assets AI can't easily disrupt?
Tyler Durden Mon, 06/01/2026 - 13:40Update(1335ET): In a rare development, Iran itself is now issuing warnings for northern Israel. Tehran is saying that if Beirut comes under fresh Israeli attack, then new assaults on northern Israeli settlements will in turn be unleashed:
Iran’s Khatam al-Anbiya Central Headquarters has warned residents of northern Israel to leave the area if Israel carries out threats to expand attacks on Beirut and its southern suburbs.
But at the same time there are reports saying Hezbollah has indicated to Washington that it is ready to agree to a ceasefire if Israel does the same. And more:
Trump phone call with Netanyahu: Hezbollah agrees shooting will stop; will be no IDF troops going to Beirut:
Regional Asharq news writes that "Lebanon informed the US of Hezbollah's acceptance of Washington's proposal and its readiness to commit to not targeting Israel." But a ground war in southern Lebanon is already well underway - and a truce would likely be determinant on some level of an IDF withdrawal of territory captured in the last days.
* * *
The US-Iran ceasefire is being tested on multiple fronts, with Tehran already having announced Monday the suspension of contact with Washington over the escalation of Israel's ground war in Lebanon, where the IDF keeps pushing further north of the Litani River. Israel looks poised to resume major airstrikes on Beirut, despite that technically it has a US-mediated ceasefire in place with the government of Lebanon. Israeli leaders have vowed to halt Hezbollah's persistent drone strikes on northern Israel, and to establish a security buffer zone.
Also on Monday Israel's defense minister threatened there will be "no calm in Beirut" if Hezbollah's rockets and drones continue raining down on Israeli communities and troop locations. This is a direct threat to resume airstrikes on the capital city. This has direct impact on the US-Iran ceasefire:
IRAN'S STATE TV SAYS PROBABILITY OF CEASEFIRE BETWEEN IRAN AND U.S. ENDING IS HIGH IF ATTACKS ON LEBANON DO NOT STOP
via EuroNews"The Dahiyeh in Beirut is no different from the communities in northern Israel – if there is no calm in the north, there will be no calm in Beirut," Israel Katz said in a statement released by his office,
Dahiyeh a Hezbollah stronghold near the country's main international airport, but is densely packed with civilians. Each wave of Israeli attacks has historically resulted in high civilian casualties.
"At the same time, the IDF continues to operate with fire and maneuver against Hezbollah terrorists and infrastructure in Lebanon ... in order to push threats away from IDF forces and from the residents of the State of Israel, and to turn the Litani area into a zone under IDF security control, free of weapons and terrorists," Katz added.
Some pundits have argued that the new Lebanon campaign is aimed at hindering Washington from making a 'bad deal' with Tehran (from Tel Aviv's perspective). Others have said Netanyahu appears "stuck" and doesn't have a clear mission in Lebanon:
Israeli PM Benjamin Netanyahu is “stuck” in terms of military strategy in Lebanon, according to Jad Melki, professor of media studies at the Lebanese American University.
Melki told Al Jazeera that most of Israel’s escalation has been targeting civilian centres in the city of Tyre, villages in south Lebanon, and historical sites like Beaufort Castle.
“Most of these have been built by Netanyahu as major strategic accomplishments, but those have been mostly exaggerated. Even the Beaufort Castle – unless we’re living in the 12th century, it’s not a strategic military location anymore,” he said.
“The problem is that Netanyahu is stuck,” Melki told Al Jazeera. “He cannot advance very quickly, as he will break the Israeli army, and he cannot sit still in the occupied territories of South Lebanon right now because the resistance is basically hunting his soldiers like sitting ducks, so he’s stuck and can only bomb hospitals and kill civilians and medical workers.”
Opinions have remained varied as to what Israel hopes to gain by escalating things in Lebanon at this fragile point where Israeli is at war on multiple fronts (and might the Houthis join next?):
Told @BeckyCNN:
- IRGC media claim suspension of Iran-US exchanges of messages, but we should be cautious pending official announcement.
- Israel may tell Trump that escalation in Lebanon will strengthen his hand vs Iran, but likely aim is to derail Iran-US diplomacy. pic.twitter.com/NWmTQsbIbg
Local Israeli media outlets have also in some cases questioned the strategic utility of the entire operation in establishing a 'buffer zone', pointing out that Hezbollah’s tactical drone fleet is widely believed to possess an operational range in excess of 30 km.
Hezbollah has been having success especially with fiber-optic cable drones which are not to susceptible to jamming, hacking, or other electronic warfare interception measures. All of these developments mean that the Washington-mediated ceasefire is effectively dead, and as Hezbollah's asymmetric warfare is likely to ramp up in response.
Tyler Durden Mon, 06/01/2026 - 13:34Authored by Steve Watson via Modernity.news,
When presented with uncomfortable irrefutable statistics on migrant crime, those on the left don’t debate—they threaten violence and scream about history as an excuse for chaos today.
That’s exactly what unfolded outside the Delaney Hall ICE detention facility in Newark, New Jersey, Saunday. GB News chief US correspondent Ben Leo was on the ground covering anti-ICE protests—already marked by days of clashes, a hunger strike by detainees, and assaults on officers—when he calmly laid out basic facts about illegal migrant crime patterns in the UK while engaging with the ‘protesters’.
The furious black nationalist got inches from Leo’s face, accused Brits of colonizing the world “through rape, murder and pillaging,” and warned he was “holding everything back not to break your f***ing jaw.”
Me: certain nationalities in UK are more likely to commit sexual offences than Brits
Leftist nutcase: “I’m gonna break your f*****g jaw.”
ICE detention facility in New Jersey.
I’m not surprised Charlie Kirk was murdered. These people are lunatics. pic.twitter.com/ET8GzoJhCM
Leo stood his ground without flinching. Lurking right behind the seething guy, a spectacled soy leftist pathetically attempted to pile on, weakly joining the intimidation effort by demanding Leo “go back to your country”—the height of irony at an open-borders rally.
The incident, captured on video and shared widely, shows how facts about immigration enforcement trigger outright rage from open-borders activists. While ICE works to secure America’s borders under policies prioritizing law and order, protesters treat any challenge to mass migration as a personal attack worth physical intimidation.
In the clip, Leo began by referencing data showing certain nationalities in the UK are disproportionately involved in sexual offences compared to native Brits. The protester immediately pivoted to colonial history.
“The BRITS that colonised the whole world you mean? That raped and pillaged the WHOLE WORLD to get the power they have THE BRITS,” he shouts.
“YEAH The BRITS who did THAT. And YOU guys have the audacity TO SAY AFGHANS AND SOMALIS DID WHAT?”
Leo responded evenly: “Well it’s not Audacity. It is just a fact.”
The man escalated, demanding: “IS IT NOT A FACT THAT Y’ALL COLONIZED THE WORLD THROUGH RAPE, MURDER AND PILLAGING, RIGHT OR WRONG?”
The guy then repeated insults—“you’re a piece of s,” “you’re a liar”—and got inches from Leo’s face, spitting as he ranted about how he “came out here for violence,” not to talk.
Leo stayed composed, pointing out the obvious: “This doesn’t make your argument look good. That’s the left. That is the degenerate violent left. You give facts. You get data. And they get violent.”
The exchange ended with the soy leftist in the background yelling “go back to your country.” Leo’s deadpan reply: “I live here.” When asked how he got there: “Aeroplane.”
On GB News, Leo later reflected on the moment. He explained he could have countered with historical facts—Britain’s role in abolishing the slave trade, Royal Navy efforts against it—but prioritized de-escalation and safety amid the aggression. “I was more concerned about watching his hands… making sure that he wasn’t about to swing for me.”
‘The clip demonstrates that the left lunatics are exactly that.’@Benleo reacts to the moment when an anti-ICE protester aggressively confronted him after he presented some simple facts on migrants in Britain.
📺 Freeview 236, Sky 512, Virgin 604 pic.twitter.com/00wKP1SxdV
He also addressed the police response, calling it “chilling” and “worrying.” Officers appeared uninterested after the threat, with one suggesting Leo’s questions were “provocative.” Leo noted: “It didn’t really seem like the police were bothered… presenting simple facts and asking what you’re doing here… is somehow provocative.”
‘It didn’t really seem like the police were bothered.’
GB News Presenter @Benleo says the police response at the New Jersey detention centre, as he was being confronted, was ‘chilling’ and a worrying sign that authorities are too sympathetic towards agitators. pic.twitter.com/ixexJlXw1O
This isn’t isolated. Protests at Delaney Hall have turned violent for over a week, with reports of objects thrown, entrances blocked, and even an ICE agent bitten. Detainees allege poor conditions, but federal officials call the strike a political stunt amid efforts to deport serious offenders.
The confrontation exposes a deeper hypocrisy. Leftist activists rage against “colonialism” while ignoring how British institutions—rule of law, abolitionism, and innovation—built much of the modern world migrants flock to. They excuse crime waves from unchecked migration by pointing to the past, yet demand America absorb endless inflows without consequences.
Leo’s calm handling underscores a key truth: facts don’t care about feelings. When open-borders ideology meets reality—rising sexual offences, strained resources, cultural clashes—it produces not debate but threats. This is the same mindset behind attacks on figures like Charlie Kirk and repeated assassination attempts on President Trump.
America First policies, like robust ICE operations, exist precisely because ignoring these patterns endangers citizens. The left’s violent reaction proves they know the data is irrefutable—they just refuse to accept it.
The left’s mask slips when challenged. They’re not tolerant—they’re unhinged when their narrative cracks.
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Tyler Durden Mon, 06/01/2026 - 13:05