People Inc withdraws MGM Resorts takeover bid

Withdrawn 23 September 2026 - Barry Diller's People Incorporated abandons its proposal to buy all the MGM Resorts shares it does not already own after concluding the mix was not coming together, and MGM's board restates its commitment to running the company as a standalone business. People keeps its 66.8 million shares, roughly 27% of MGM, and says it remains open to a future strategic transaction.

Year

2026

Type

Collapsed

Value

$18bn+ bid withdrawn