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Barry Diller Bets Big On Real-World Assets AI Can't Replace With MGM Resorts Bid

Barry Diller Bets Big On Real-World Assets AI Can't Replace With MGM Resorts Bid 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...
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May 29, 2026 / Tyler Durden
Clorox CEO Steps Down For "Health Reasons" After Six-Year Stock Rout
Clorox CEO Steps Down For "Health Reasons" After Six-Year Stock Rout Clorox shares tumbled on Friday after Chair and CEO Linda Rendle said she will step down for "health reasons," prompting the board to begin a search for her replacement. "Rendle will also serve in an advisory role for a period following the appointment to drive business performance and a smooth leadership transition," Clorox wrote in a press release. Rendle wrote in a statement, "Serving as CEO of Clorox for the past six years—and being part of this special company for more...
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May 17, 2026 /
Trump Says Iran Must Make a Deal Fast or ‘There Won’t Be Anything Left’
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May 24, 2026 / Tyler Durden
Trump Indicates He'll Sign Bill Making Daylight Saving Time Permanent
Trump Indicates He'll Sign Bill Making Daylight Saving Time Permanent Authored by Jack Phillips via The Epoch Times (emphasis ours), President Donald Trump has indicated he would sign a bill to make daylight saving time permanent as a House of Representatives committee advanced a measure that would codify the change. U.S. President Donald Trump returns to the White House in Washington on May 15, 2026. Kevin Dietsch/Getty Images "Big Vote today (48-1!) in the Energy and Commerce Committee on a Bill including The Sunshine Protection Act, which will be making Daylight Saving Time...
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