Markets· August 16, 2026 at 02:01 p.m.
People Inc. Prioritizes MGM Deal, Buybacks as It Explores Sales of Non-Core Assets
Key takeaways
- People Inc. submitted an offer for MGM's remaining stake
- The company is considering selling Vivian Health, The Daily Beast, and Turo
- People Inc. considers MGM undervalued
People Inc., a digital media company, is focusing on its MGM minority stake and its People media business while seeking new homes for several non-core assets. The company submitted an offer to acquire the remaining MGM stake on June 1 and considers MGM undervalued. If the transaction does not proceed, People Inc. will continue buying back its own shares and could opportunistically increase its MGM position. The company is also exploring sales of Vivian Health, The Daily Beast, and Turo to fund share buybacks and acquisitions.
