Lions Gate and MGM – in merger talks

Lions Gate and MGM are in merger talks and a deal to combine the two embattled studios would have to be approved by dissident Lions Gate stockholder Carl Icahn, Los Angeles Times informs.

The talks, if successful, could result in a powerful independent studio with an extensive library that will include thousands of movies and television shows.

Running these talks, MGM is trying to avoid bankruptcy, as it has a $4 Bn debt.