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News 2026-09-25 15:33 UTC

MGM’s bet on People has long, strange odds

By Jennifer SabaA day after mogul Barry Diller dropped his bid for the casino operator, the target may have turned the tables. Buying the magazine publisher to get back its $2 billion stake has a bit of strategic logic though the rump isn't worth much. It's a tortured path to get value.Full view w…