Here is what the page “MGM Resorts Ends Merger Talks with Barry Diller’s People Inc., Leaving Las Vegas Giant’s F” contains. MGM Resorts International and Barry Diller’s People Inc. have called off merger discussions, according to a new pact that effectively ends the possibility of a deal. The breakdown leaves the casino operator without a clear suitor at a time when its Las Vegas resorts have been underperforming for two
The breakdown leaves the casino operator without a clear suitor at a time when its Las Vegas resorts have been underperforming for two years. People Inc., the holding company led by media mogul Diller, had been exploring a potential acquisition, but the two sides could not reach an agreement. The decision removes a major potential buyer from the table and raises questions about MGM’s strategic direction. For the complete material, the listing points back to the source inside the network.