Business2 sources

Barry Diller's MGM Acquisition Deal Falls Through

  • Barry Diller aimed to purchase MGM, citing its Las Vegas resorts as a hedge against AI disruption.
  • The deal fell apart as Diller did not want to take on debt or raise money from third parties.
  • MGM confirmed the end of deal talks with Diller's People Incorporated.
  • Diller expressed confidence in the value of 'forever assets' like MGM.
  • The reasons for the deal's collapse were shared by Diller in an interview with Business Insider.
Barry Diller's MGM Acquisition Deal Falls Through | Split Angle