Indian company wants to buy MGM movie studio
Indian company Sahara India Pariwar is ready to acquire financially ruined movie studio MGM. This is reported by Bloomberg. The exact amount offered to the current owners of MGM is not disclosed, it is only claimed that it exceeds two billion dollars. Negotiations between the parties are still in the early stages, and the studio management has not yet shown interest in the generous offer of the Indians. Recall that MGM owes its creditors about four billion dollars. Due to financial problems, the production of many movie projects has been stopped. The company is expected to officially file for bankruptcy and begin the restructuring process by the end of the year. The Topic of Article: Indian company wants to buy MGM movie studio. |
