Eurocardsharing

Go Back   Eurocardsharing > General Discussions > General Satellite News > Latest Satellite News

Latest Satellite News Discussion, MGM bidding: Round Two starting at General Satellite News forum; MGM bidding: Round Two starting Written by Chris Forrester Sunday, 28 February 2010 08:10 The sale of the MGM assets ...

Reply
 
LinkBack Thread Tools Display Modes
MGM bidding: Round Two starting
Old
  (#1)
Bacteria
Administrator
 
Bacteria's Avatar
 
Offline
Posts: 96,015

Level: 124 [♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥]
Life: 4638 / 4638
Magic: 32005 / 100792
Experience: 68%

Thanks: 1,107
Thanked 5,578 Times in 1,419 Posts
Join Date: Oct 2006
Age: 36
Thumbs up MGM bidding: Round Two starting - 28-February-2010, 23:40

MGM bidding: Round Two starting
Written by Chris Forrester
Sunday, 28 February 2010 08:10


The sale of the MGM assets is about to move into its next stage.

MGM is understood to have set mid-March for a final auction. Up for grabs are a 4100-titlemovie library, rights to the never-ending James Bond franchise as well as co-distribution rights to J R R Tolkiens The Hobbit.

MGM is some $3.7bn in debt, and likely buyers are said to include Time Warner, Lions Gate Entertainment, Liberty Media and Access Industries (the investment arm of billionaire Len Blavatnik). Some 500 staff at MGMs Culver City HQ could be affected.

MGM was bought by a consortium led by Providence Equity Partners for $5bn, and with Texas Pacific Group, Sony and Comcast also involved. Those buyers look like losing a significant sum on that deal. Most observers suggest that a sale of perhaps $2bn is all that can be expected from likely bidders.



Regards,

www.eurocardsharing.com
   
Reply With Quote
Reply

Bookmarks


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Forum Jump



ECS on RSS ECS on Twitter ECS on Facebook ECS on Youtube
Follow us on:

Powered by vBulletin
Copyright 2002 - 2010, Jelsoft Enterprises Ltd.
SEO by vBSEO ©2011, Crawlability, Inc.
Dreambox