Struggling studio MGM says it's looking for buyer »
Posted By Progressive 1 week, 2 days ago in Business & Finance
LOS ANGELES – Struggling movie studio Metro-Goldwyn-Mayer Inc. is looking for a buyer.
The home of the James Bond and Pink Panther franchises said Friday it has begun to explore strategic options including "a potential sale of the company."
In a statement, MGM also said its lenders have agreed to grant the company another respite until Jan. 31 from interest payments on nearly $4 billion in debt.
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Progressive
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