Deals
Diller's People Inc. Withdraws $48.30-a-Share Bid for MGM Resorts; Shares Fall 11%
The media group is keeping its 66.8 million shares, about 27% of the casino operator, and says it remains open to a strategic transaction. MGM's board says it will continue as a standalone company.
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By Anna Ferreira
Sep 25, 2026 · 2 min read
People Incorporated, the media group chaired by Barry Diller, has withdrawn its proposal to acquire the shares of MGM Resorts International it does not already own, the company said in a Sept. 23 release filed with the Securities and Exchange Commission the following day.
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Anna Ferreira
Senior Correspondent, Corporate Strategy
Anna Ferreira writes for Corporate Insider Inc.