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Barry Diller Withdraws Roughly $18 Billion Bid for MGM Resorts
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MGM is a major operator in Las Vegas and global resort markets; the withdrawn bid means its ownership structure and strategic direction remain unchanged for now, relevant to corporate readers tracking hotel and gaming asset deals.
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9月24日
- Skift FeedBarry Diller Withdraws Roughly $18 Billion Bid for MGM Resorts
According to Skift, Barry Diller's People Inc. has withdrawn its proposal to acquire MGM Resorts International, a potential deal valued at roughly $18 billion. People Inc., formerly known as IAC, holds a 27% stake in MGM and had been preparing a bid to buy the remaining shares. Diller, People's chairman and senior executive, commented on the withdrawal. The news concerns Las Vegas casino and resort assets and is relevant to hotel and gaming sector consolidation.