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Thread: Time Warner may bid for MGM
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Time Warner may bid for MGM
LOS ANGELES (Reuters) - Time Warner Inc. is quickly putting together a nearly $5 billion cash and stock offer to acquire James Bond film studio Metro-Goldwyn-Mayer Inc. from under the eyes of frontrunner Sony Corp., according to a source who knew of Time Warner's plans. Such an offer would total $2.8 billion. Time Warner, which owns the Los Angeles-based Warner Bros. film and TV studio as well as "Lord of the Rings" studio New Line Cinema, would also assume about $2 billion in MGM debt for a total value around $4.8 billion. Time Warner (TWX: Research, Estimates) also owns CNN/Money.
so it's all gonna be one big happy studio, I don't think this is good
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