MGM Resorts

“Barry Diller has withdrawn his $18 billion-plus takeover offer for MGM Resorts.”

“Diller has said the deal would give his company... a hedge at a time when artificial intelligence is upending the media business.”

“MGM shares fell more than 10% on the news [of the withdrawal].”

“Barry Diller will seek to buy MGM Resorts for more than $18b, or $48.30 per share in cash. Diller is on the MGM board.”