Support TheOneRing.net - A not for profit fan community!
Join us in our 24 Hour Chatroom!
LEGO Lord of the Rings Collection
Order the Gollum Enraged - Click Here

News Alerts

Get emailed with every new post!

Weekly Newsletter

Select a list:

MGM Enters Second Round of Auction Bids

March 9, 2010 at 9:12 pm by xoanon  - 

The auction of MGM has entered its second round of bidding, with approximately half a dozen potential buyers being invited back to the table. This news, courtesy of THR, comes a month after we reported that MGM lenders are growing restless with the pace (and low bid offers) of the auction. MGM is of course facing new ownership and/or restructuring, due to its massive debts.

Second round bidders include Time Warner, Lionsgate, Liberty Media and Summit Entertainment (to name a few). MGM’s financial consultant, Moelis & Co., is trying to get a quality bid on the table this month, as MGM has a big payment due to lenders on March 31st. More..

Posted in Hobbit Movie, Studios, The Hobbit on March 9, 2010 by

Comments are closed.