Barry Diller Drops Bid To Acquire Full Control Of MGM Resorts
2 sources·Updated September 23, 2026
Covered by 2 sources
- Deadline Hollywood·8h agoBarry 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People Inc. Chairman Barry Diller has withdrawn a proposal to acquire full ownership of MGM Resorts.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…
Read at Deadline Hollywood → - Variety·9h agoBarry 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…
Read at Variety →