The proposed merger between Lions Gate and MGM aren’t going at all smoothly thanks to Carl Icahn’s hostile takeover bid of Lions Gate. According to an article in the New York Post:
Merger talks between Lionsgate Entertainment and MGM are not going well, sources close to the situation said.
Lionsgate, the producer of the “Mad Men” series, and MGM, owner of the James Bond franchise, were in talks during the last few weeks. MGM has defaulted on its $4 billion in debt.