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People Inc. Shares Jump 9% After MGM Resorts Reportedly Makes Reverse Takeover Bid

Barry Diller's People Inc. saw its stock rise sharply Friday after a report that MGM Resorts has made an acquisition overture, just days after People dropped its own $18 billion bid for the casino giant.

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Barry Diller's People Inc. saw its stock rise sharply Friday after a report that MGM Resorts has made an acquisition overture, just days after People dropped its own $18 billion bid for the casino giant.