People Inc. (fka IAC) proposes MGM buyout, sells Care.com for $300M, shuts Search segment

Filed August 3, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 4, 2025 · ~2 min read

Key Changes

• high

  Submitted non-binding proposal June 1, 2026 to acquire remaining ~73% of MGM Resorts at $48.30/share in cash; outcome unknown, proposal can be withdrawn at any time.

  MD&A: Strategic Initiatives verify on EDGAR →
• high

  Sold Care.com March 2026 for $300.2M net proceeds; Google non-renewal forced Search segment shutdown April 30, 2026 (Search generated $132M revenue in H1 2025).

  MD&A: Divestitures & Discontinued Operations verify on EDGAR →
• high

  Net income to common surged 139.7% to $506.9M (prior $211.5M) while operating loss widened 90.7% to -$14.3M (prior -$7.5M); net income exceeds operating income due to $755.7M unrealized gain on MGM stake.

  MD&A: Operating Results & Equity Investments verify on EDGAR →