Barry Diller withdraws bid for MGM Resorts; People Inc. keeps 66.8M shares (~27%), MGM falls 6%

Barry Diller said he is withdrawing his bid for MGM Resorts after months of talks, following his June offer to take a majority stake. People Inc. still holds 66.8M shares, about 27% of MGM, and remains open to a strategic transaction. MGM shares fell 6%.

Detected & updated continuously · Source: Nebula