Kerkorian Eyes Hotel Buy.MGM MGM in full Metro-Goldwyn-Mayer, Inc. U.S. corporation and film studio. It was formed when the film distributor Marcus Loew, who bought Metro Pictures in 1920, merged it with the Goldwyn production company in 1924 and with Louis B. Mayer Pictures in 1925. Grand Inc. launched a $3.4 billion bid to buy Mirage Resorts Inc. in a surprise move that pits two of Las Vegas' most powerful gaming figures in a potentially hostile fight: Kirk Kerkorian Kerkor "Kirk" Kerkorian (Armenian: Քըրք Քըրքորյան) (born June 6, 1917) is an American billionaire, and president/CEO of Tracinda Corporation, his private holding , the Beverly Hills Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities. billionaire who is MGM Grand's controlling stockholder, and Steve Wynn, Mirage's flamboyant chair man. MGM Grand said its unsolicited offer was friendly and that Wynn could be one of its directors, but Wall Street instantly concluded that Wynn and the rest of Mirage's board would probably reject the overture. However, Wynn is under pressure to boost the price of Mirage's sagging stock, and the potential merger also would create a formidable U.S. gaming leader, particularly on the Las Vegas Strip The Las Vegas Strip (also known as The Strip) is a 4 mi (6.7 km) section of Las Vegas Boulevard South, most of which has been designated an All-American Road. . |
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