Barry Diller’s Bid to Acquire MGM Resorts Falls Through

Barry Diller-owned People Inc. has withdrawn its $17.6 billion bid to acquire MGM Resorts. People, which currently owns roughly 27% of MGM Resorts, proposed buying out the casino giant’s remaining shares and offered $48.30 per share in cash. However, the deal appears to have fallen through, meaning that MGM Resorts wi…