Dubai World raises stake in MGM Mirage http://www.reuters.com/article/industryNews/idUSN2846164220071229
Fri Dec 28, 2007
NEW YORK (Reuters) - State-owned investment company Dubai World said on Friday it bought 5 million shares of MGM Mirage, the world's No. 2 casino company, raising its stake to 6.5 percent.
Dubai World, which is seeking to become a high stakes player on the Las Vegas Strip, paid $424 million, or $84.80 each, for the shares, according to a U.S. Securities and Exchange Commission filing. http://www.reuters.com/article/industryNews/idUSN2846164220071229