Entertainment & Sports
Oct. 30, 2010
MGM Lenders to Decide Studio's Fate
Lenders to troubled Metro-Goldwyn-Mayer are expected to decide today between a plan to send the studio into bankruptcy or a buyout from investor Carl Icahn, who has shown interest in merging it with Lions Gate Entertainment.
Daily Journal Staff Writer
Lenders to troubled Metro-Goldwyn-Mayer are expected to decide today between a plan to send the studio into bankruptcy or a buyout from investor Carl Icahn, who has shown interest in merging it with Lions Gate Entertainment.
Complicating matters, the vote comes one day after Lions Gate sued Icahn, claiming he improperly blocked previous attempts to merge with MGM that were less profitable for hi...
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