MGM Could Go It Alone if Bids Disappoint
NEW YORK (Reuters) - Storied Hollywood studio Metro-Goldwyn-Mayer may opt for a stand-alone plan if bids disappoint, and creditors are expected to meet early next week as the company sifts through expected offers, sources said. The studio, struggling with $3.7 billion of debt, said in November it was exploring a potential sale of the company. It said at the time its other options included operating as a stand-alone entity or forming strategic partnerships. Second-round bids were due on Friday but it was not immediately clear how many firms submitted offers.
20 March 2010•2 mins read
