Time Warner, News Corp reported interested in MGM
November 21st, 2009
| Category: Industry News
NEW YORK (Reuters) - News Corp, Time Warner Inc and Qualia Capital LLC are interested in buying Hollywood’s Metro-Goldwyn-Mayer film studio, home of the James Bond movies, Bloomberg News reported on Friday. Citing people with knowledge of the situation, the report said the companies have not yet examined the studio’s finances and their level of interest will depend on price. Burdened by about $4 billion in debt, Los Angeles-based MGM said last week it…
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