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mergers_and_acquisitions — September 24, 2026, 12:37 AM · KLAS 8 News Now

MGM Resorts buyout offer withdrawn after 4 months of negotiations

People Inc. has withdrawn its $18 billion bid to acquire MGM Resorts International after four months of negotiations. The media company, led by Barry Diller, stated that the timing was not right, even though People Inc. holds a significant 27% stake in MGM. MGM's Board Chairman, Paul Salem, emphasized the company's strong position and clear path to increasing shareholder value as a standalone entity.

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mergers_and_acquisitions — September 23, 2026, 11:09 PM · Yahoo Finance UK

Barry Diller Drops Bid to Acquire MGM Resorts: ‘We Didn’t Feel the Mix Was Coming Together’

Barry Diller's People Inc. has withdrawn its offer to acquire the remaining shares of MGM Resorts International. Diller stated that "the mix was not coming together in the way we had hoped," but reaffirmed his belief in MGM Resorts' future and the company's significant existing stake. MGM Resorts confirmed the decision, emphasizing its strong standalone position and continued confidence in its strategy.

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mergers_and_acquisitions — September 23, 2026, 11:04 PM · IAG – Inside Asian Gaming

MGM Resorts to remain a “standalone company” after Barry Diller’s People Inc withdraws takeover proposal

MGM Resorts International announced that Barry Diller's People Incorporated has withdrawn its offer to acquire all outstanding shares of MGM it does not already own. As a result, MGM Resorts will continue to operate as a "standalone company," with its Board expressing confidence in its leading position in Las Vegas, regional properties, BetMGM, and international portfolio including MGM China and the MGM Osaka project. The proposed acquisition, first announced in June and valuing MGM at around US$18 billion, had faced analyst concerns regarding a potentially low valuation and speculation about MGM divesting its Macau and Japan interests under new ownership.

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mergers_and_acquisitions — September 23, 2026, 10:49 PM · Yahoo Finance Singapore

Barry Diller’s People Inc. Withdraws MGM Resorts Takeover Bid

Barry Diller's People Inc. has withdrawn its bid to acquire the outstanding shares of MGM Resorts International. Despite the withdrawal, People Inc. retains a 27% stake in MGM Resorts and remains open to future strategic transactions. MGM Resorts confirmed the bid withdrawal, stating its intention to continue as a standalone company and highlighting its strong market position and growth opportunities.

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mergers_and_acquisitions — September 23, 2026, 10:44 PM · The Hollywood Reporter

Barry Diller Drops $18 Billion MGM Resorts Takeover Plan

Barry Diller's People Inc has abandoned its $18 billion plan to acquire MGM Resorts International. Diller cited that the "mix wasn't coming together" as hoped, but affirmed continued confidence in MGM Resorts, where People Inc still holds a significant 27% stake. MGM Resorts' board confirmed talks with People Inc but decided to remain a standalone company, emphasizing its strong position in Las Vegas, regional properties, BetMGM, and international opportunities in China and Osaka.

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mergers_and_acquisitions — September 23, 2026, 10:39 PM · Variety

Barry Diller Drops Bid to Acquire MGM Resorts: ‘We Didn’t Feel the Mix Was Coming Together’

Barry Diller's People Inc. has withdrawn its bid to acquire MGM Resorts International, citing that "the mix was not coming together." Despite dropping the acquisition attempt, Diller reaffirmed People Inc.'s continued confidence in MGM Resorts, where it holds a 27% stake, and remains open to future strategic transactions. MGM Resorts confirmed the withdrawal, with its chairman expressing excitement to continue leading the company as a standalone entity.

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mergers_and_acquisitions — September 23, 2026, 10:31 PM · KSL News

Barry Diller's People withdraws bid for MGM Resorts

Media mogul Barry Diller's People Inc has withdrawn its proposal to acquire all public shares of MGM Resorts International. This decision caused MGM's shares to drop by 8% after the bell. People Inc, which already owns 27% of MGM, had previously offered over $18 billion to buy the remaining stake.

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mergers_and_acquisitions — September 23, 2026, 10:27 PM · Pluang

People Incorporated withdraws bid to buy MGM Re...

People Incorporated has retracted its proposal to acquire all public shares of MGM Resorts International due to an unfavorable mix of deal factors. Despite the withdrawal, People Incorporated will maintain its 27% stake in MGM Resorts, expressing confidence in the resort company's management and future. The company remains open to future strategic transactions with MGM, suggesting this is a pause rather than a complete end to potential collaborations.

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mergers_and_acquisitions — September 23, 2026, 10:14 PM · Reuters

Barry Diller withdraws bid for MGM Resorts, WSJ reports

Media mogul Barry Diller's People Inc. has withdrawn its proposal to purchase all public shares of MGM Resorts International, causing MGM's shares to drop 8%. People Inc., which already owns about 27% of MGM, had previously offered over $18 billion, or $48.30 a share in cash, for the remaining stake. Diller viewed MGM as undervalued and sought to diversify People Inc.'s core media business.

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mergers_and_acquisitions — September 23, 2026, 10:05 PM · TradingView

PEOPLE INCORPORATED WITHDRAWS PROPOSAL TO PURCHASE ALL PUBLIC SHARES OF MGM RESORTS INTERNATIONAL

People Incorporated (PPLI) has announced the withdrawal of its proposal to purchase all public shares of MGM Resorts International. Chairman Barry Diller stated that while the "mix wasn't coming together as hoped," the company retains strong belief in MGM Resorts' future and continues to hold a significant stake (27%). People Incorporated remains open to future strategic transactions with MGM Resorts.

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