Assertion Partly supported AI assessment confidence: 95% certainty 5/5 debate potential 2/5

Cowan: Barry Diller owns 26% of MGM and bid $48 per share

Aaron Cowan · All-In's Best Ideas Pitch Competition: 4 Investors Present Their Top Trades Live · Jun 12, 2026 · at 4:00

Aaron Cowen, Founder and CIO of Suvretta Capital Management, presents his stock pitch for MGM Resorts International at the All-In Liquidity Summit 2026.

0:00 / 0:17exact quote · 17.1s

▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark

“Barry now owns 26% of the company. Now I put this presentation together two weeks ago. Yesterday he actually bid for the company. Okay. So when I put the presentation together, the stock was about 37 dollars. It's now high forties. He bid 48 dollars, ok?”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

The claim, plainly

Barry Diller (via IAC) owns 26% of MGM Resorts International and submitted a takeover bid for the company at $48 per share.

a quote alone can be ambiguous, so this restates it with the references and context of the conversation around it resolved. AI-written; the tape below the player is the source.

Assessment

The core facts of the claim are accurate: Barry Diller's company (IAC, rebranded as People Incorporated) owned a major stake in MGM Resorts International and submitted an unsolicited takeover bid for the remaining shares in early June 2026. However, the stated numbers were slightly rounded approximations. SEC filings (Schedule 13D/A filed June 1, 2026) confirm that People Inc./IAC held a 26.1% stake (rather than exactly 26%) and that the official buyout offer price was $48.30 per share (rather than $48.00 per share).

Schedule 13D/A filed with the SEC on June 1, 2026 confirms People Incorporated (f/k/a IAC Inc.) owned 66,822,350 shares, or 26.1% of MGM Resorts International common stock.
Official press releases from MGM Resorts International and People Incorporated on June 1, 2026 confirm receipt of an unsolicited takeover bid at $48.30 per share in cash.

Checked against

[1] stocktitan.net [2] iac.com [3] axios.com [4] prnewswire.com [5] prnewswire.com [6] mgmresorts.com [7] yogonet.com [8] egr.global

IAC Barry Diller MGM Resorts percentage stake 26 percent 48 per share IAC MGM Resorts 13D filing percentage stake June 2026 48 takeover bid Barry Diller MGM takeover bid 48 per share

assessed as of 2026-07-30

This assessment is an AI reading of a public statement, made against the cited references with the confidence shown. It can be wrong. The quote, the tape and the references are all on this page; if something is off, use report an error below. full disclaimer →

Mentioned

Barry Diller MGM Resorts International

⚑ Spot an error? Report it

More from Aaron Cowan

Prediction Not checkable as stated

Cowan: MGM stock is a triple based on Vegas, Japan, Dubai assets

“So, when you take the Vegas assets, which we think are worth about 60. When you take Japan, which we think is worth about 50 bucks. If Dubai happens, that's worth another 40 or 50 dollars. So, we think the stock is a triple.”

Aaron Cowan Jun 12, 2026 ▶ 8:45 All-In's Best Ideas Pitch Competition: 4 Investors Present Their Top Trades Live

Assertion Partly supported

Cowan: MGM Resorts repurchased half its public share float in six years

“Rarely have I ever seen a company in six years buy half their float back.”

Aaron Cowan Jun 12, 2026 ▶ 4:35 All-In's Best Ideas Pitch Competition: 4 Investors Present Their Top Trades Live

Cowan: Barry Diller owns 26% of MGM and bid $48 per share

More from Aaron Cowan

Turn any episode into a week of clips.