MGM Resorts International is discussing a potential bid for Barry Diller’s People Inc., which owns roughly 27% of the casino operator. The offer could emerge in the coming days, one day after People withdrew its proposal to buy MGM. People shares rose 9% after the bell following the report. People, formerly known as IAC, began building its MGM stake in 2020, when the casino operator’s shares were pressured by pandemic-related closures and travel restrictions. The value of People’s MGM holding is currently roughly equivalent to People’s own market capitalization, according to The Wall Street Journal. Diller previously pursued a roughly $12.4 billion takeover of MGM in June but ended the effort on Wednesday, citing difficulty assembling an optimal partner group.