People Incorporated amended its April 3, 2026 voting agreement with MGM Resorts International and Barry Diller on October 27, 2026. The covered entities collectively beneficially owned 66,822,350 shares of MGM common stock on that date.
People, Barry Diller and their controlled affiliates agreed not to acquire MGM securities or related derivatives if aggregate beneficial ownership would exceed 29.9%, except for increases caused by MGM repurchases, redemptions or other acquisitions, provided they make no further acquisitions while above the limit. On ordinary stockholder matters, their voting securities above 25.73% of MGM's total voting power must be voted with the majority of eligible votes cast.
For change-of-control votes, they follow the MGM Board's recommendation only if conditions are met, including an unaffiliated third-party transaction, People-designated committee service subject to stated exceptions, equal treatment for same-class securities, and no new restrictions on them regarding the resulting entity. While the covered entities comply, MGM agreed not to implement specified adverse defensive measures. Their acquisition of majority voting power alone will not constitute a change of control unless the Board specifically approves it.
People Inc. (PPLI) is named as the issuer in an amended Schedule 13G reporting that Helikon Investments Limited and Federico Riggio have shared voting and dispositive power over 7,857,290 common shares, representing 11.44% of the class. Both report zero sole voting and dispositive power. The percentage is based on 68,674,426 shares outstanding as of September 30, 2026.
People Inc director Bryan Lourd acquired 387 share units on September 30, 2026, through accrual under the Non-Employee Director Deferred Compensation Plan; the entry lists $41.96 per share. He held 178,402 shares directly after the transaction and remained the beneficial owner of 26,235 shares held through a trust. The trust transfer occurred on July 27, 2026, for no consideration and was exempt from reporting pursuant to Rule 16-a-13.
People Inc director Maria Seferian acquired 297 share units on September 30, 2026, accrued under the Non-Employee Director Deferred Compensation Plan. Her reported direct holdings after the transaction were 12,431 shares.
People Inc director Chelsea Clinton reported an acquisition of 148 common-stock share units on September 30, 2026. A footnote says the units accrued under the Non-Employee Director Deferred Compensation Plan. The transaction listed a price of $41.96 per share, and her reported holdings following it were 93,484 shares.
People Inc (PPLI) director Michael D. Eisner reported acquiring 342 share units accrued under the Non-Employee Director Deferred Compensation Plan on September 30, 2026, at a reported $41.96 per share. His reported direct holdings following the transaction were 179,106 shares; he also reported 40,555 shares held indirectly through a trust of which he is trustee.
HighSage Ventures LLC and its manager Jennifer Stier reported beneficial ownership of People Inc. common stock: HighSage, 4,562,068 shares (approximately 6.6%), and Stier, 5,394,779 shares (approximately 7.9%). The percentages are based on 68,674,426 shares outstanding as of July 31, 2026; the aggregate cost of the reported shares was approximately $226,203,538.
On September 29, 2026, HighSage delivered a letter to Barry Diller, People Inc.'s Chairman of the Board and Senior Executive, and Paul Salem, MGM's Chairman of the Board, expressing support for a potential MGM bid to acquire People Inc., following People Inc.'s announcement that it had withdrawn its proposal to acquire MGM. The reporting persons said they may discuss the proposed bid with People Inc., MGM, and other parties, and may purchase additional shares, dispose of holdings, or engage in other activities depending on market and other conditions.
People Inc (PPLI) withdrew its previously announced proposal to acquire the outstanding MGM Resorts International shares it did not already own, saying it would not pursue taking MGM private at this time. People Inc said it continues to hold 66.8 million MGM shares, representing approximately 27% of MGM Resorts.
People Inc also said it remains open to a possible strategic transaction with MGM Resorts and will consider a range of alternatives. It stated that its principal publishing business had achieved its 11th quarter of growth and that it had plenty of cash to invest in the business and purchase its stock.
People Inc (PPLI) filed an 8-K to update its 2025 Form 10‑K disclosures after rebranding from IAC Inc. to People Incorporated and renaming its main publishing subsidiary People Inc. Group. The update also recasts segments and non‑GAAP metrics and reflects major portfolio changes.
For 2025, revenue was $1.83 billion, down 2%, but operating results improved to $63.9 million of income from a $75.1 million loss in 2024, and Adjusted EBITDA rose 21% to $250.1 million. Digital publishing revenue grew while Print declined double digits, and Emerging & Other revenue fell sharply after the Mosaic Group sale.
The company classified its Search segment and Care.com as discontinued operations after the Google services agreement expired on April 30, 2026 and Care.com was sold for $300.2 million plus later cash. People Inc refinanced its term loans, issued $400 million of 2032 notes, ended 2025 with $941.3 million in cash and $1.44 billion of debt, owned 65.8 million MGM shares, and repurchased about 10% of its shares outstanding.
People Inc (ticker PPLI) reports that its Chief Financial Officer, Timothy Edward Quinn, holds three awards of Restricted Stock Units (RSUs), each representing a contingent right to receive one share of common stock. The RSUs cover 51,404, 63,509, and 15,728 underlying shares of common stock, all held directly. These awards vest in scheduled installments between February 4, 2027 and March 1, 2029, in some cases in two equal installments and in another case in three equal installments, each vesting remaining subject to continued service.