MGM Resorts International

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Mergers / Acquisitions

MGM Resorts International Announces Agreements To Purchase Infinity World's 50% Interest In Citycenter And Monetize Citycenter Real Estate Assets

Published: 07/01/2021 13:20 GMT
MGM Resorts International (MGM) - Mgm Resorts International Announces Agreements to Purchase Infinity World's 50% Interest in Citycenter and Monetize Citycenter Real Estate Assets.
Mgm Resorts International - to Purchase Infinity World Development Corp's 50 Percent Interest in Citycenter Holdings, Llc for $2.125 Billion.
Mgm Resorts International - Purchase Price Represents an Implied Valuation of $5.8 Billion.
Mgm Resorts International - Agreement Will Make Mgm Resorts 100 Percent Owner of Citycenter on Las Vegas Strip.
Mgm Resorts International - Has Also Entered Into a Definitive Agreement With Blackstone to Monetize Aria and Vdara Real Estate Assets.
Mgm Resorts International - Funds Managed by Blackstone Will Acquire Aria and Vdara Real Estate for $3.89 Billion in Cash.
Mgm Resorts International - Closing of Infinity World Transaction is Not Contingent on Closing of Transaction With Blackstone.