MGM Resorts International has decided not to pursue a deal to buy all the outstanding shares of Tix Corp.
The company had previously stated that it was in talks with MGM Resorts International regarding a potential transaction, to potentially include the acquisition of all the outstanding shares of the company, according to a Sept. 10 news release.
Further, Tix said it will continue to explore all potential opportunities to enhance shareholder value.
Tix provides discount ticketing services. It operates nine discount ticket stores in Las Vegas under its Tix4Tonight marquee and two online properties, www.tix4tonight.com and www.tix4.com.
MGM Resorts International is a global entertainment company with national and international locations featuring hotels and casinos, meetings and conference spaces, live and theatrical entertainment experiences, and restaurant, nightlife and retail offerings.