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Lions Gate Suggests Merger With MGM

Lions Gate has made a merger offer with Metro-Goldwyn-Mayer, a move that has the backing of Carl Icahn, who has financial interests in both movie studios.

 

TW, Lionsgate advance in MGM bidding

Round two of due diligence has begun in the process to find a buyer for MGM, with a couple Hollywood studios figuring among the half-dozen advancing bidders.

 

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