https://www.live-feeds.com/feed/barry-diller-s-people-withdraws-bid-for-mgm-resortsContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/barry-diller-s-people-withdraws-bid-for-mgm-resortshttps://www.live-feeds.com/feed/barry-diller-s-people-withdraws-bid-for-mgm-resorts#u84906Sat, 26 Sep 2026 08:55:17 +0000Barry Diller's People Inc. withdrew its takeover offer for MGM Resorts on September 24, 2026, ending four months of buyout negotiations. The rescinded proposal triggered a sharp negative market reaction, causing MGM shares to sink between 9 percent and 11 percent alongside a rating cut from BofA. Following the withdrawal of the buyout offer, the corporate dynamic shifted as market reports indicated MGM is now weighing a counter-bid for People Inc., which holds a significant stake in the hospitality and entertainment company.Why it mattersThe collapsed takeover concludes months of high-sta