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· Sep 23, 2026

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MGM Resorts International

American multinational hotel, sports and entertainment company

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MGM Resorts International· Business · 23 sources · Sep 23, 2026Story

Barry Diller Withdraws $18 Billion Bid for MGM Resorts

Business· Sep 23, 2026

Facts from Wikidata (CC0). Image by No machine-readable author provided. Nadavspi~commonswiki assumed (based on copyright claims). via Wikimedia Commons (CC BY-SA 1.0).

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About MGM Resorts International

MGM Resorts International is an American multinational hospitality, sports and entertainment company. It operates resorts in Las Vegas, Massachusetts, Michigan, Mississippi, Maryland, Ohio, New Jersey, Macau, Shanghai, Chengdu, Hangzhou and Sanya, including the Bellagio, Mandalay Bay, MGM Grand and Park MGM.

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Country: United States
Headquarters: Las Vegas
Inception: May 31, 2000
Website: http://www.mgmresorts.com/

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MGM Resorts International across IJR

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