The long-running drama over the fate of MGM will last a little longer.
Carl Icahn's decision to launch a hostile takeover of Lionsgate has raised doubts among some financial analysts, who question whether his bid of $6 per share is sufficient.
MGM's set March 19 as the deadline for receiving binding bids on its assets.
MGM has invited a half dozen bidders to continue participating in the studio's process of working out a sale or restructuring.
Beleaguered MGM has received two more months of exemption from debt payments so the studio can work out a sale or restructuring.
MGM's forging ahead with the auction of its assets despite indications of a less than enthusiastic response so far.
MGM had received several bids as Friday's deadline arrived for initial offers for the troubled studio.
One of the many questions surrounding the fate of MGM is what will become of the Lion's stake in the fledging pay cabler Epix.
Can Leo the Lion find a savior?
MGM's officially for sale. The Lion said it was "beginning a process to explore various strategic alternatives including operating as a standalone entity, forming strategic partnerships and…
Can the man who restructured Krispy Kreme and Enron save Leo the Lion?
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