LinkedIn X Facebook Email Gift Decision Intelligence Photo Credit: MGM Resorts CEO Bill Hornbuckle talked on-stage at Skift Global Forum in New York in September 2024. Skift
A new pact between MGM Resorts and Barry Diller's People Inc. effectively ends merger talks. It's uncertain who else might want to buy an operator whose Las Vegas resorts have been sliding for two years.
MGM Resorts said merger talks with Barry Diller's People Inc., its largest shareholder, are over after the two sides agreed on a new pact on how the companies can use their board votes.
The resort operator amended its voting agreement with People Inc., according to a Wednesday filing. Under the pact, People and its chair, Diller, will vote all their MGM Resorts shares in line with the board's re
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Tags: barry diller , casinos , earnings , iac , las vegas , mergers and acquisitions , mgm resorts , skift intelligence