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Barry Diller withdraws People's bid to buy the stake in MGM Resorts it didn't already own, in a deal valuing the company at ~$12.4B; People holds ~27% of MGM (Jessica Toonkel/Wall Street Journal)

Mediagazer · last updated

Jessica Toonkel / Wall Street Journal:
Barry Diller withdraws People’s bid to buy the stake in MGM Resorts it didn’t already own, in a deal valuing the company at ~$12.4B; People holds ~27% of MGM  —  The billionaire had been in talks with the casino operator after offering in June to take a majority stake

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