Barry Diller abandons $18bn takeover bid for MGM Resorts

From the Newshound archive · first published 24 September 2026.

Media mogul Barry Diller has withdrawn his company IAC/InterActiveCorp's $18bn offer to acquire MGM Resorts, ending what would have been one of the biggest deals in the hospitality and entertainment sector. No reason for the withdrawal has been given in reports so far.