MGM is Exploring a Sale of Its Studio1 min read
Reading Time: < 1 minuteMGM Holdings Inc. is exploring a sale, according to a source close to the situation.
The studio believes its library of content — which includes co-ownership of the James Bond franchise — would be desirable to companies looking to expand their streaming sectors.
MGM has recruited Morgan Stanley and LionTree LLC to advise on the process of a formal sale, according to the Wall Street Journal. LionTree has worked with MGM in the past. Based on privately traded shares, the company has a market value of $5.5 billion, including debt.
Image Credits: MGM
