Media mogul's MGM retreat dodges risky China wager

By Katrina HamlinBarry Diller's offer to take private casino giant MGM Resorts, valuing it at $18 bln, would have left his group, People, more exposed to China. Weak results from MGM's Macau unit and Beijing's intensifying crackdown on cross-border outflows make his decision to fold sensible.Full v…