Indian conglomerate ‘India Pariwar’ is in the negotiation for about 2 billion worth of business, bought a famous Hollywood movie studio Metro-Goldwyn-Mayer. The Wall Street Journal says the talks are only in its initial phase, but also the famous MGM in this way could solve the difficult problem of $ 4,000,000,000, as stated in their debt.
MGM in early March announced he had received several offers, as the most serious one from Time Warner. The talks are just the beginning. “Negotiations take on mutual benefit. However, it is too early for any comments,” said the spokesman of India Pariwara for The Wall Street Journal.
Meanwhile, leaders of MGM negotiate with creditors on a controlled bankruptcy. They should take the studio next month and let the management to the ‘Spyglass Entertainment‘ studio executives, Gary Barber and Roger Birnbaum.
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