September 23rd, 2026 at 11:22 PM EDT Photo Credit: A flagship MGM Resorts property. MGM Resorts Barry Diller’s People Inc. has withdrawn its proposal to acquire MGM Resorts International in a potential deal that had been valued at roughly $18 billion. The company, formerly known as IAC, holds a 27% stake in MGM and had been preparing a bid to buy up the remaining shares. People Chairman and Senior Executive Diller said the company “didn Bailey is Skift’s global tourism reporter. Before joining Skift, she worked for USA TODAY's money and travel sections and at the Las Vegas Review-Journal, where she covered the city's casino industry and tourism. In her free time, she enjoys reading and traveling.
Barry Diller Withdraws MGM Resorts Bid Worth $18 Billion
Full Article
Original Source
Read the full article at Skift →KhanList aggregates and links to publicly available news content. We do not host full articles from third-party sources. Always verify important information with original sources.