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What happened to the ***MGM merger*** thread?


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Sunday, September 5, 2004
Member since:
August 2003
There was a thread speculating about MGM being bougt by Sony, then by time-Warner, and discussions about which new DVD format this would help.
It seems to be missisng.
This is the latest:

September 02, 2004
The Wall Street Journal reported that Time Warner Inc. has changed course on its bid for Metro-Goldwyn-Mayer Inc. (MGM) and put an all-cash offer of between $4.5 and $4.6 billion on the table. The bid reverses a previous proposal that would have given MGM controlling shareholder Kirk Kerkorian unregistered Time Warner stock for the studio. In an apparent move to temper expectations, MGM announced that recent reports suggesting a possible deal "at a price as high as $5 billion" were inaccurate.

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