# Barry Diller Drops $18 Billion MGM Takeover Plan

> Barry Diller cancels $18 billion plan to take over MGM Resorts after failed bid for casino giant.
- Title: Barry Diller Drops $18 Billion MGM Takeover Plan | Shortify
- Summary: Barry Diller cancels $18 billion plan to take over MGM Resorts after failed bid for casino giant. Barry Diller abandoned his $18 billion takeover bid for MGM…
- Keywords: barry diller, mgm resorts, people inc, casino, las vegas, takeover, betmgb, resorts, Barry, Diller, Drops, Billion
- Source: The Hollywood Reporter — https://hollywoodreporter.com/business/business-news/barry-diller-drops-18-billion-mgm-resorts-takeover-plan-1236708925
- Author: Erik Hayden
- Published: 2026-09-23T22:43:16+00:00
- Read time: 1 min
- Topics: barry diller, mgm resorts, people inc, casino, las vegas, takeover, betmgb, resorts
## Barry Diller
Barry Diller's People Inc dropped its $18 billion plan to take over MGM Resorts International.
## MGM Resorts
MGM Resorts owns the MGM Grand, Aria, Bellagio, Cosmopolitan, Mandalay Bay, New York-New York, Luxor, Excalibur and other Las Vegas properties.
## Diller's Reason
Diller said the bid mix wasn't coming together as hoped and he has 27% ownership of MGM Resorts.
## MGM's Stance
MGM Resorts board says it will stay independent with BetMGM's growth and international properties.
## BetMGM
MGM Resorts' BetMGM online sportsbook has seen dramatic growth with FanDuel and DraftKings competing.
## Key takeaway

Barry Diller abandoned his $18 billion takeover bid for MGM Resorts International, retaining 27% ownership while MGM plans to stay independent.