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Deals

Barry Diller's People Inc. Walks Away From Its MGM Resorts Takeover; MGM Shares Sink About 10%

The publisher withdrew a $48.30-a-share proposal valued at roughly $18 billion, saying the mix was not coming together as hoped, while keeping its 27% stake.

AF

By Anna Ferreira

Sep 25, 2026 · 7 min read

People Incorporated has withdrawn its proposal to take MGM Resorts International private, abandoning a bid of $48.30 a share that press reports valued at roughly $18 billion, according to a filing the company made on Sept. 24.

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AF

Anna Ferreira

Senior Correspondent, Corporate Strategy

Anna Ferreira writes for Corporate Insider Inc.

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