Thursday, August 28, 2008

Is MGM For Sale?

Is the legendary -- and oft-owned -- MGM for sale (They deny it)? And if so for how much? Nikki Finke writes in DeadlineHollywoodDaily, "So my sources, BusinessWeek's sources, and now's sources all report that MGM is for sale despite the studio's denials." Earlier in the week Businessweek noted:

"The studio, currently owned by a consortium that includes private equity funds and cable giant Comcast, has asked Goldman Sachs to sound out potential suitors, according to two sources with knowledge of the process. The asking price—said to be $5.2 billion—is considered hefty for a company that has had few hits and recently jettisoned one of its two top filmmaking executives."

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