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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…
(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.) By Katrina Hamlin HONG KONG, Sept 24 (Reuters Breakingviews) — Barry 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 Ma