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Barry Diller Withdraws $18 Billion Bid for MGM Resorts
Barry Diller’s People Inc. abandoned its roughly $18 billion bid to acquire the rest of MGM Resorts, signaling that the deal will not move forward and leaving MGM to continue as a standalone company. People still holds about 27% of MGM, and MGM’s stock reacted to the withdrawal with an after-hours drop as the company reaffirms its path forward.
Business · 23 sources · Sep 25, 2026Read itThe journal
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About Barry Diller
Barry Charles Diller is an American billionaire businessman. He is chairman of People Incorporated and Expedia Group, and founded the Fox Broadcasting Company with Rupert Murdoch and USA Broadcasting. Diller was inducted into the Television Hall of Fame in 1994.
Everything about Barry Diller →- Occupation
- entrepreneur, film producer, business executive
- Citizenship
- United States
- Born
- February 2, 1942