Indian conglomerate Sahara India Pariwar is in talks to buy U.S. movie studio Metro-Goldwyn-Mayer Inc in a deal worth more than $2 billion, The Wall Street Journal reported.
MGM owes creditors about $4 billion, mostly to hedge funds that purchases the studio’s bank obligations at a discount. The creditors are preparing to take over the studio in a streamlined bankruptcy. They plan to turn…
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Indian Conglomerate in Talks to Buy MGM originally appeared on DailyFinance on Mon, 20 Sep 2010 07:20:00.
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