https://www.live-feeds.com/feed/barry-diller-drops-18-billion-mgm-resorts-takeover-planContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/barry-diller-drops-18-billion-mgm-resorts-takeover-planhttps://www.live-feeds.com/feed/barry-diller-drops-18-billion-mgm-resorts-takeover-plan#u84708Sat, 26 Sep 2026 04:55:08 +0000Barry Diller and his company, People Inc., have rescinded an $18 billion offer to acquire MGM Resorts. The withdrawal follows four months of negotiations between the parties. Following the announcement, MGM Resorts shares dropped 9%. This collapse of the takeover plan ends a significant attempt by Diller to enter the gaming and hospitality sector via one of the industry's largest operators.Why it mattersMGM Resorts operates a massive portfolio of hotels and casinos. A successful bid from Diller would have shifted ownership of these high-value assets to People Inc. The market reaction sugg