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MGM files for bankruptcy with support of lenders

Hollywood studio Metro-Goldwyn-Mayer Inc., the home of James Bond, says it has filed for bankruptcy protection as the culmination of a long process to restructure its finances with the support of lenders.

 

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.

 

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