Six Companies May Bid For Metro-Goldwyn-Mayer (TWX, LGF, LINTA, NWSA)
By Benzinga Staff
March 09, 2010 8:07 PM
March 09, 2010 8:07 PM
Six companies may make a binding offer to Metro-Goldwyn-Mayer by March 19.
The companies that are expected to participate in fresh round of bidding include Time Warner, Inc. (NYSE: TWX), Lions Gate Entertainment Corp. (NYSE: LGF), Liberty Media Corp. (NASDAQ: LINTA). News Corporation (NASDAQ: NWSA), which had shown interest previously, has pulled out of the race.
The bidders are unlikely to put in an offer of more than $1.5 billion in the second round.
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