BusinessNews brief
Media mogul's MGM retreat dodges risky China wager
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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 Macau unit and Beijing's intensifying crackdown on cross-border outflows make his decision to fold sensible.
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ReutersSource headline and summary supplied via NewsData.io. First collected by NewsJaws on 2026-09-24. This is an automated news brief, not original NewsJaws reporting. Dates reflect the source publication. Feed delays may apply.