New York – September 24, 2026 -- People Incorporated (NASDAQ: PPLI) has withdrawn its proposal to acquire all public shares of MGM Resorts International, ending a bid to take the casino and hospitality operator private.

Diller cites unresolved deal terms as reason for retreat

Chairman and Senior Executive Barry Diller said the company "didn't feel the mix was coming together" as hoped and opted against pursuing a going-private transaction at this time.