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Time Warner Inc., the world’s fourth largest entertainment and media conglomerate, have showed their interest in buying the Metro-Goldwyn-Mayer (MGM) Inc. Aside from Time Warner, News Corp, world’s second largest media conglomerate and the world’s third largest in entertainment, Qualia Capital LLC, are also interested.
According to Bloomberg, the MGM has $4 billion debt so their best option not to further increase their debt is to sale their company. It is said that they are looking for buyers who can at least pay them $2 billion but analyst Matthew Harrigan of Wunderlich Securities says that company should not force it to sell for $2 billion because it estimately cost 1.6 to 1.7 billion
Liberty Media Corp., Lions Gate Entertainment Corp., and the multinational conglomerate corporation Sony Corp., would take a look. Their decision still depends on the price and they would also consider the finances and debts.
For now, there are no further reports whether the interested companies have offered a deal but let’s just see what will happen on next few months.
