The unsolicited offer, launched on June 1, 2026, by People, Inc.—the company formerly known as IAC, Inc.—has raised alarms regarding corporate governance. Because Diller sits on both sides of the proposed transaction and People holds the right to appoint two MGM board members, legal experts are questioning whether the deal meets Delaware’s stringent requirements for fairness. BFA Law is currently reviewing whether this structure creates conflicts of interest that could disadvantage minority shareholders.

MGM’s board of directors previously announced it would weigh the proposal to determine if it serves the best interests of the company and its investors. Shareholders seeking to understand their legal standing regarding the acquisition are being encouraged to contact the firm, which operates on a contingency fee basis. BFA Law, known for securing large-scale settlements in high-profile securities litigation, is evaluating if the potential agreement satisfies legal obligations or requires intervention to protect shareholder value.