Barry Diller Drops Bid to Acquire MGM Resorts: ‘We Didn’t Feel the Mix Was Coming Together’
People Inc., the media company controlled by Barry Diller, is scrapping its proposed bid to acquire MGM Resorts International. People Inc. (which changed its name from IAC this spring) owns about 27% of MGM Resorts. In June, the company submitted formal offer for the hotel and online-gaming operator to acquire all outstanding shares of MGM […]
Key Takeaways
- People Inc., the media company controlled by Barry Diller, is scrapping its proposed bid to acquire MGM Resorts International.
- (which changed its name from IAC this spring) owns about 27% of MGM Resorts.
- In June, the company submitted formal offer for the hotel and online-gaming operator to acquire all outstanding shares of MGM […]
People Inc., the media company controlled by Barry Diller, is scrapping its proposed bid to acquire MGM Resorts International. People Inc. (which changed its name from IAC this spring) owns about 27% of MGM Resorts. In June, the company submitted formal offer for the hotel and online-gaming operator to acquire all outstanding shares of MGM […]
Original Publisher Attribution
This summary was curated from Variety.