People Inc. People Inc., the media company controlled by Barry Diller, is scrapping its proposed bid to acquire MGM Resorts International. Key points and original sources are listed below.

• People Inc. Chairman Barry Diller has withdrawn a proposal to acquire full ownership of MGM Resorts. The media company will retain its 27% stake in the casino operator, he said in a statement Wednesday, though it remains “open and interested” in potential stra...S1

• People Inc., the media company controlled by Barry Diller, is scrapping its proposed bid to acquire MGM Resorts International. People Inc. (which changed its name from IAC this spring) owns about 27% of MGM Resorts. In June, the company submitted formal offer...S2

• The mogul's People Inc had proposed to buy all shares in the Las Vegas casino giant that it didn't currently own.S3