Get your tickets to Tolkien today!
Join us in our forums!
Check out on Twitter!
Join us on Instagram

Latest Tweets

  1. Here's a 10k gold Narya - Ring of Gandalf inset with ruby for $750.

  2. Tolkien artist Ted Nasmith (who SHOULD be on Amazon's show all things considered) depicts The Dawn of the Firstbor…

  3. The board is set, The pieces are moving. We come to it at last... The greatest series of our time.

As predicted MGM rejects $2B bid

September 24, 2010 at 2:49 pm by MrCere  - 

A leaked memo last week informed us that an MGM buyout wouldn’t go through. MGM is on target for a planned bankruptcy and association with Spyglass that will likely allow two ‘Hobbit’ movies to go forward. Today we have info directly from the once potential buyer reported by the Associated Press which says:

Indian conglomerate Sahara India Pariwar says that its offer to buy out the creditors of struggling Hollywood studio Metro-Goldwyn-Mayer Inc. for more than $2 billion has been rejected.

Subrata Roy Sahara, the company’s chairman, had a conference call with creditors on Tuesday. The company said late Thursday that the offer was rejected within hours.

A spokesman for Houlihan Lokey, an investment bank that is advising MGM’s creditors, declined to comment. You can read the rest right here.

Posted in Hobbit Movie, MGM, Studios on September 24, 2010 by As predicted MGM rejects $2B bid | Discuss
Thranduil Statue

Leave a Reply

Your email address will not be published. Required fields are marked *