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(Updates sourcing in paragraph 1, adds withdrawal details throughout) Sept 23 (Reuters) — Media mogul Barry Diller's People Inc said on Wednesday it had withdrawn its proposal to purchase all public shares of MGM Resorts International, sending the casino operator's shares down 8% after the bell. In June, People, which
Media mogul Barry Diller's People Inc NASDAQ:PPLI said on Wednesday it had withdrawn its proposal to purchase all public shares of MGM Resorts International NYSE:MGM, sending the casino operator's shares down 8% after the bell.In June, People, which currently owns an approximately 27% stake in MGM…
* MGM Resorts' shares fall about 9% to $34.50 in extended trading * Media mogul Barry Diller's People Inc says it withdraws bid for MGM * Diller's People Inc proposed in June to buy MGM, valuing co at more than $18 billion * People Inc says it remains open to strategic transaction and alternatives with MGM * People's c