Diller abandons $18 billion MGM Resorts bid
Barry Diller's People Inc. withdrew its proposed $18 billion takeover of MGM Resorts after publicly disclosing the offer in June. Diller said the proposed combination had not come together as hoped. MGM Resorts shares fell after the withdrawal, according to Seeking Alpha, while the RSS reports gave no indication that another bidder had emerged.
Why it matters
The withdrawal ends a large potential casino deal and removes the takeover premium that had supported MGM shares.
Sources
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Part of the September 24, 2026 brief.