From The Hollywood Reporter:
(Please follow the link for the complete article.)
More speculation over MGM sale
Studio retains Goldman Sachs to solicit purchase offers
By Carl DiOrio
Aug 24, 2008, 03:21 PM ET
Corrected: Aug 24, 2008, 07:57 PM ET
Speculation circulates anew over a possible turnover in ownership at MGM.
Two things are stressed by those in the know: The current owners won't sell for substantially less than the $5 billion they paid for the studio just a few years ago, and few suitors will be interested in bidding anywhere near that for the Lion.
Business Week reported online Friday that the investment consortium currently controlling MGM had retained Goldman Sachs to solicit purchase offers for the studio. MGM declined comment on the report, and other parties were unavailable.
But though the magazine put the asking price at $5.2 billion, many doubt the studio could fetch even $5 billion, let alone a premium on the consortium's 2004 investment.
(Please follow the link for the complete article.)
More speculation over MGM sale
Studio retains Goldman Sachs to solicit purchase offers
By Carl DiOrio
Aug 24, 2008, 03:21 PM ET
Corrected: Aug 24, 2008, 07:57 PM ET
Speculation circulates anew over a possible turnover in ownership at MGM.
Two things are stressed by those in the know: The current owners won't sell for substantially less than the $5 billion they paid for the studio just a few years ago, and few suitors will be interested in bidding anywhere near that for the Lion.
Business Week reported online Friday that the investment consortium currently controlling MGM had retained Goldman Sachs to solicit purchase offers for the studio. MGM declined comment on the report, and other parties were unavailable.
But though the magazine put the asking price at $5.2 billion, many doubt the studio could fetch even $5 billion, let alone a premium on the consortium's 2004 investment.
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