Barry Diller's People Inc Withdraws MGM Resorts Bid
Barry Diller's People Inc. has withdrawn its roughly $18 billion proposal to buy MGM Resorts International, a move that would have taken MGM private. The company had held a 27% stake and had planned to acquire the remaining shares. The withdrawal is accompanied by a statement of continued confidence in MGM and openness to a range of alternatives.
economy2 h ago