According to an article in BusinessWeek published yesterday Lions Gate Entertainment Corp has held merger talks with troubled studio MGM. The article states:
“No offer has been made, and Vancouver-based Lions Gate won’t be able to move ahead without backing from Icahn, the largest investor with a 32 percent stake, said the person, who requested anonymity because the discussions aren’t public.”
The article goes on to say that neither party was available for comment.
Read “Lions Gate Said to Hold Merger Talks With Metro-Goldwyn Studio” on BusinessWeek
