Barry Diller's People withdraws $18B offer to take MGM Resorts private
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People Inc. has withdrawn its proposal to acquire the outstanding public shares of MGM Resorts International, ending months of negotiations over a transaction that would have taken the casino operator private. People, formerly known as IAC and led by media executive Barry Diller, submitted its prop…
People Inc. has withdrawn its proposal to acquire the outstanding public shares of MGM Resorts International, ending months of negotiations over a transaction that would have taken the casino operator private. People, formerly known as IAC and led by media executive Barry Diller, submitted its proposal on June 1. The company offered $48.30 per share in cash for the MGM Resorts shares it did not already...