MGM Resorts shares sink 11% after Barry Diller's People Inc. rescinds takeover offer

October 9, 2026
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MGM Resorts shares sink 11% after Barry Diller's People Inc. rescinds takeover offer

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Sep 24, 2026
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MGM Resorts shares fell about 11% after Barry Diller's People Inc. withdrew its $48.30 per share proposal to take the casino operator private, roughly four months after the approach. People Inc. already holds roughly 26.1% of MGM. Diller blamed the mix of deal elements not coming together, and CNBC reported the pullback was tied in part to the debt the transaction would have created, though he left a future deal open.

Source: https://www.cnbc.com/2026/09/24/barry-diller-people-mgm-resorts.html

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