---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-068672"
form_type: "8-K"
ticker: "IAC"
cik: "0001800227"
company_name: "IAC Inc."
filed_at: "2026-06-01T13:41:24+00:00"
generated_at: "2026-06-01T13:43:40.670154+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# IAC (renamed People Incorporated) proposes to acquire MGM Resorts for $48.30/share cash

## Summary
- Proposal to acquire all MGM shares not already owned (26.1%) at $48.30/share cash.
- 24.1% premium to 30-day VWAP; >30% to 90-day VWAP; 10.6% to last close.
- Funding from existing cash plus debt/equity; IAC to hold >50.1% post-close.
- Non-binding; subject to due diligence, definitive agreement, gaming approvals.
- MGM management expected to continue; IAC would control the business.

## SEC filing metadata
- accession: 0001104659-26-068672
- form_type: 8-K
- ticker: IAC
- cik: 0001800227
- company_name: IAC Inc.
- filed_at: 2026-06-01T13:41:24+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1800227/000110465926068672/0001104659-26-068672-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1800227/000110465926068672/tm2616473d3_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-068672
- JSON: https://secwatch.observer/filing/0001104659-26-068672.json
- Plain text: https://secwatch.observer/filing/0001104659-26-068672.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.