By SectorWire desk · · Updated
People Inc. withdrew its proposed $18bn acquisition of MGM Resorts International MGM · USD 28.60 2026-10-16 Data. People Inc. chairman Barry Diller said in a statement that the company had withdrawn its offer to buy all publicly held MGM shares.
People Inc.’s withdrawal ends its proposed $18bn acquisition of all publicly held MGM shares.
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MGM Resorts retains its independence after People Inc withdrew its proposal to acquire the remaining publicly held shares.
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