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Edition: U.S. Article Comments (2) Save Email Print Reprints Most Popular Most Shared Can Republicans win by opposing Obama? 2:34am EDT Sex virus blamed for rise in head and neck cancers 26 Mar 2010 South Korea rules out navy ship sunk by North Korea 10:34am EDT Fox cancels "24" TV show; movie version is next 26 Mar 2010 U.S. looks to export drone technology to allies 25 Mar 2010 Fox cancels "24" TV show; movie version is next 26 Mar 2010 Sex virus blamed for rise in head and neck cancers 26 Mar 2010 Tuvalu to Taiwan; nations switch off for Earth Hour 10:48am EDT AT&T sees $1 billion healthcare related charge 26 Mar 2010 U.S. looks to export drone technology to allies 25 Mar 2010 global deals review Asia, energy deals drive Q1 M&A Mergers and acquisitions jumped to $520.4 billion in the first quarter, accompanied by a big shift in global dealmaking as emerging market and energy-focused takeovers made up a growing slice of activity. Full Article | Full Coverage AIG's near-collapse yields gold for Wall Street UBS jumps ranks in U.S. deals during Q1 MGM creditors to discuss standalone plan Jui Chakravorty and Megan Davies NEW YORK Fri Mar 26, 2010 6:32pm EDT Related News MGM creditors to dicuss standalone plan-sources Fri, Mar 26 2010 Lions Gate will not raise bid for MGM Thu, Mar 25 2010 Time Warner leads bids of up to $1.5 billion for MGM Tue, Mar 23 2010 UPDATE 2-Time Warner leads bids of up to $1.5bln for MGM-sources Mon, Mar 22 2010 UPDATE 1-MGM gets two bids; Time Warner stalls-sources Mon, Mar 22 2010 NEW YORK (Reuters) - Metro-Goldwyn-Mayer's steering committee will meet with creditors to present a stand-alone plan for the famed studio next week, sources familiar with the matter said. Entertainment | Deals Creditors will present the plan in Los Angeles on Thursday after being disappointed with the bids it received, the sources said. The plan, which abandons the idea of a sale of the entire company, involves a mandate to make six to eight movies a year and requires large amounts of capital, the sources said. It also involves filing for a pre-arranged bankruptcy, the sources added. Such a plan would need approval from a majority of the creditors. MGM declined comment. Lions Gate Entertainment, Time Warner Inc and billionaire industrialist Len Blavatnik's Access Industries put in second-round bids for MGM in the last week, with Time Warner putting in the highest bid of $1.5 billion in cash, Reuters had reported earlier. Lions Gate had decided it would not increase its offer, putting them effectively out of the running, sources told Reuters on Thursday. That leaves Time Warner and Access Industries, whose offer involves an equity infusion and helping with restructuring the company's $3.7 billion of debt, the sources said. MGM's vice chairman and a member of its office of the CEO Stephen Cooper knows Access Industries' Len Blavatnik well. Cooper, who was enlisted by MGM to help with the company's restructuring last year, is also vice chairman of the supervisory board of LyondellBasell. Blavatnik is the chairman of that board. Cooper is also the chairman of the restructuring committee at Lyondell, a chemical conglomerate formed in 2007, when it was bought by Basell AF, a unit of Blavatnik's Access Industries. The Access offer would involve adding $2 billion of value to MGM, sources said, though it was unclear how that would be achieved. The offer would also help MGM with digital media and distribution, the sources said. But Time Warner's bid remains on the table and MGM has not shared details of its stand-alone plan with any of the bidders, sources said. MGM, home to more than 4,000 film titles, said in November it was exploring a potential sale of the company. But as the auction progressed, buyer interest in the company dwindled. Despite a film library that includes the James Bond and Pink Panther franchises, MGM has been struggling to create new hits. It is also trying to cope with plunging DVD sales as consumers move to viewing online. The financial crisis has not helped either. A $2.85 billion buyout in 2005 by a group including four private equity firms -- Providence Equity Partners, TPG, Quadrangle Group and DLJ Merchant Banking Partners, and media companies Sony Corp and Comcast Corp, also saddled the company with debt. (Reporting by Jui Chakravorty and Megan Davies; additional reporting by Emily Chasan, editing by Bernard Orr, Leslie Gevirtz) Entertainment Deals Comments See All Comments (2) | Post Comment Mar 26, 2010 6:30pm EDT MGM needs to be liquidated Story_Burn Report As Abusive Mar 27, 2010 12:24am EDT Hi, I’m George R. Roberts a seasoned businessman with 27 years of experience in: Business Ownership, Sales, Management, Marketing, Purchasing, Real Estate Investing, Real Estate Development, Golf Course Design & Operations, Full Service Industrial Printing & Services, Estimating, Training, International/National/Regional Sales Manager, Heavy Duty Machine Operations, Restaurants ect. I am currently partnered with the Realestatebuyersnetwork, Inc. (R) (c) This is a company designed for the investor who wants to partner with us and make money! The way it works is simple, we buy low and sell high! (Includes Real Estate, Businesses, Under Valued Hard Assets, Tax Liens) All investments can be safe and protected, by contracts and title deeds. Investors fund the deals that we find and put together. Then the payout is investors get there money back at closing plus 55% of the profit. This year we are planning of at least $ 850,000,000.00 of purchases & sales. The Realestatebuyersnetwork, Inc. gets 45% of net profit it’s a win win deal! The deals are designed for each investor. A typical deal, we buy a property for 300k. Knowing that other properties in area are selling for 500k. We will then price the property for 449k for a quick sale. We also have other trade secrets available to move items. In this case, the investor would get back the 300k + $ 81,950.00 Or a larger investor who wants to do a million dollar deal. We then secure the purchase of a 50 unit apartment building for 800k with income of 21,600.00/month x 12 = $ 259,200.00 We then sell it in 1.6 years for $ 1,300,000.00 The investor at closing receives the 800k back + $ 417,560.00 includes rental income. Then hopefully we do this over again and again! As these returns are OK. We need and always want much higher returns for our clients. We also offer under valued business purchases. We are the only company in the world. That offers a chance to have returns of up to several thousand percent. With the option to have you or your companies name on titles/deeds and joint bank accounts. No one in the world offers these type of security features. So you can rest assured whether you invest $ 100,000.00 to $ 10,000,000,000.00 you can always have bank vault security! All returns will vary, however the more you make the more we make. So this system works very well for all parties. Plus, we go into every deal with the idea of at least doubling the investment. However this dose not always work. If an investor gets very lucky they might make more in the stock market. However we have mostly acquired losses in the markets. Plus, it’s not secured by any thing solid. An investor could loose everything over night in the markets. I know this for a fact, after some stock broker moved my funds into a stock that crashed the next day! If interested contact: George R. Roberts – 815.388.9206 realestatebuyersnetwork@gmail.com All of this information is (R) (c) protected. We offer investor safe secured placements. Which include: Joint bank accounts & Title/deed signatures. All optional, investors receive a majority of the profit. We do all of the work! You receive most of the profit! realestatebuyersnetwork@gmail.com goldraker Report As Abusive See All Comments (2) Add a Comment More from Reuters Special Report: Escape from Wall Street When it appeared that investing with Warren Buffett wasn't good enough, one former UBS adviser knew he was done with big banks and has since set off on his own. He's not alone. Full Article Video: Broker finds benefits out on his own Video: Becoming a breakaway broker New retirement plan rules could hit brokers Financials Bernd Debusmann: How to launder dirty dollars A stash of $1 million weighs about 100 pounds, and trained dogs can sniff it out in a heartbeat. But drug cartels and financiers of terrorism have found a dangerous loophole that helps them "clean" dirty money legally. Commentary Heroin and marijuana flowing into U.S. World The new face of America A transplanted British author offers his take on life, liberty and the struggle of modern-day America in "The Cracked Bell: America and the Afflictions of Liberty". Full Article The lost battle for immigration reform Lifestyle © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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