• IAC submitted a non-binding proposal to buy the MGM Resorts shares it does not already own for USD 48.3 per share in cash.
• The offer implies a 24.1% premium to MGM’s 30-day volume-weighted average price through May 29; 10.6% above the latest close.
• IAC holds a 26.1% stake in MGM.
• Funding would combine cash on hand at IAC and MGM with additional debt and equity commitments.
• The structure would leave IAC with just over 50.1% of MGM’s equity, with other investors holding minority stakes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. IAC Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-068672), on June 01, 2026, and is solely responsible for the information contained therein.