BUZZ — MGM Resorts falls after Barry Diller's People withdraws buyout proposal

* Shares of casino operator MGM Resorts International down 8.38% at $34.68 in premarket trading * Stock down after media mogul Barry Diller's People Inc withdrew its proposal to purchase all public shares of MGM * People Inc, which owns a ~27% stake in MGM, had proposed to buy remaining shares for $48.30 each, valuing company at more than $18 billion * MGM has been relying on growth in its China assets and digital operations in recent quarters amid sluggish footfalls at its Las Vegas properties * Eleven of 24 brokerages rate the stock "buy" or higher, 11 "hold" and 2 "sell" or lower; their median PT is $48.3 — LSEG-compiled data * YTD, MGM shares up about 3.7%, compared with a 12.6% rise in the S&P 500 (Reporting by Kanishka Ajmera in Bengaluru) ((mail to: Kanishka.Ajmera@thomsonreuters.com)