Recent Updates — IAC

People Inc. withdrew its proposal to acquire all outstanding shares of MGM Resorts International not already owned by the company, ending efforts to take the casino operator private. Chairman Barry Diller cited that the necessary conditions for completion were not being met as anticipated. People Inc. retains a significant minority stake in MGM Resorts, holding approximately 66.8 million shares representing roughly 27% of the outstanding stock. The company stated it remains open to future strategic transactions with MGM and highlighted its own operational stability, noting an eleventh consecutive quarter of growth in its publishing business. People Inc. operates as a media and entertainment company, owning major consumer brands such as PEOPLE, Food & Wine, Travel + Leisure, InStyle, Better Homes & Gardens, and Southern Living.

On June 16, 2026, Christopher Currier was appointed Chief Accounting Officer, succeeding Michael H. Schwerdtman, who retired but will serve as an advisor until February 28, 2027. On June 22, 2026, the company entered into a Voting Agreement with Barry Diller, Diane von Furstenberg, and Alexander von Furstenberg. The agreement requires these parties, who control approximately 46.4% of voting power, to vote shares exceeding 48.5% of total voting power in proportion to other stockholders on most matters. Additionally, the Board authorized the repurchase of an additional ten million shares of Common Stock. People Incorporated operates in the professional services and human capital management industry, providing workforce solutions.