Barry Diller withdraws bid for MGM Resorts, WSJ reports

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Barry Diller has officially withdrawn his bid to acquire MGM Resorts, according to reports from the WSJ. The mogul's company, People Inc, had previously proposed a takeover plan valued at $18 billion. This strategic move involved an offer to purchase all remaining shares of the Las Vegas casino giant that People Inc did not already own. Consequently, the proposed acquisition of the gaming and hospitality leader will no longer proceed as originally planned by Diller.
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