MGM Resorts shares sink 9% after Barry Diller's People Inc. rescinds takeover offer — Live Feedhttps://www.live-feeds.com/feed/mgm-resorts-shares-sink-9-after-barry-diller-s-people-inc-rescinds-takeover-offerContinuously updated, source-cited coverage. MGM Resorts shares drop 9% as Barry Diller withdraws $18 billion bidhttps://www.live-feeds.com/feed/mgm-resorts-shares-sink-9-after-barry-diller-s-people-inc-rescinds-takeover-offerhttps://www.live-feeds.com/feed/mgm-resorts-shares-sink-9-after-barry-diller-s-people-inc-rescinds-takeover-offer#u84760Sat, 26 Sep 2026 05:50:22 +0000MGM Resorts shares fell 9% after People Inc., led by Barry Diller, rescinded an $18 billion offer to take the company private. The withdrawal follows four months of negotiations between the two parties. Diller has officially pulled the bid, ending the attempt to move the casino and hotel giant off the public market.Why it mattersThe bid represented a significant attempt to restructure MGM Resorts' ownership. This move would have transitioned the company from a publicly traded entity to a private one under People Inc.What is confirmedMGM Resorts shares decreased by 9% following the rescind