Barry Diller Withdraws MGM Resorts Bid Worth $18 Billion
People Inc. walked back its takeover bid but emphasized confidence in MGM, with Barry Diller open to a “range of alternatives.”
Skift Airlines•Bailey Schulz9h agoPeople Inc
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page 1 of 1Skift Airlines•Bailey Schulz9h ago
Barry Diller Drops Bid To Acquire Full Control Of MGM Resorts
People Inc. Chairman Barry Diller has withdrawn a proposal to acquire full ownership of MGM Resorts. The media company will retain its 27% stake in the casino operator, he said in a statement Wednesday, though it remains “open and interested” in potential strategic alternatives to the original transaction. “There are lots of ingredients that go […]
Deadline•Dade Hayes13h ago
Barry Diller Drops Bid to Acquire MGM Resorts: ‘We Didn’t Feel the Mix Was Coming Together’
People Inc., the media company controlled by Barry Diller, is scrapping its proposed bid to acquire MGM Resorts International. People Inc. (which changed its name from IAC this spring) owns about 27% of MGM Resorts. In June, the company submitted formal offer for the hotel and online-gaming operator to acquire all outstanding shares of MGM […]
Variety•Todd Spangler13h ago
Barry Diller Drops $18 Billion MGM Resorts Takeover Plan
The mogul's People Inc had proposed to buy all shares in the Las Vegas casino giant that it didn't currently own.
The Hollywood Reporter•Erik Hayden14h ago