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Sahara $2B Bid Reconsidered By MGM

September 29, 2010 at 10:58 am by DiveTwin  - 

Last week it was reported a two billion dollar offer from Indian conglomerate Sahara India Pariwar was rejected by MGM.  But now an article in Businessweek says the offer is being reconsidered by creditors.

Additionally, Sahara has chosen an investment bank in the United States to provide representation, according to Sahara spokeswoman Marcy DePina.  She also stated that “part of the quick rejection had to do with Sahara submitting documentation of its assets in rupees”

You can read the entire article here.

Posted in Hobbit Movie, MGM, Studios, The Hobbit on September 29, 2010 by Source: Businessweek Sahara $2B Bid Reconsidered By MGM | Discuss