The studio released a statement Monday afternoon rejecting all notions that it's up for sale or will go on the auction block in the near term. "There is no "asking price" for the company. MGM's existing financing
arrangements are sufficient to meet its needs," MGM said in a statement.
MGM also clarified that it hired Goldman Sachs Group Inc. "to explore enhancements to MGM's long-term capital structure." MGM also pointed out that MGM shareholders, including Providence Equity Partners, TPG, Sony Corp. Of
America and Comcast Corp., are "pleased with the company's current momentum and
are committed to the future growth of the studio." -
Gerald MagpilyDealscape:
Trouble in Hollywood, MGM could be on the block again
Metro-Goldwyn-Mayer Studios Inc. wanted to clear the air of all the recent media reports that it's up for sale.
