Time Warner would offer $ 1.5 billion for MGM
The studio, based in New York could provide between 1.2 billion and 1.5 billion dollars for the recovery of the mythical MetroGoldwynMayer (MGM), as disclosed by the British newspaper Financial Times.
MGM has put up for sale last year, following its inability to pay its bills. She had received several proposals, three were still in contention at the end of last week. The company, which had initially hoped to sell two billion dollars, must be examined this week, not totally exclude the possibility of remaining independent fast cash loans .
The Hollywood studio has contracted a debt of 3.7 billion dollars five years ago, and he suffered falling DVD sales that affects the entire industry.His library of 4,100 films is yet to dream all his competitors.
MGM owns the rights to include the James Bond series, including those who are running. Time Warner owns the news channel CNN and Time Magazine.