Sahara India in Early Talks to Acquire MGM Studio for $2 Billion, WSJ Says

Sahara India Pariwar is in talks to buy movie studio Metro-Goldwyn-Mayer Inc. for more than $2 billion, the Wall Street Journal reported, citing an unidentified person familiar with the matter.

The talks are at an early stage and MGM hasn’t shown substantial interest in a deal with Sahara, the newspaper said.

MGM owes creditors about $4 billion and its lenders are preparing to take it over in a streamlined bankruptcy next month, the Journal reported.

Both MGM and Sahara declined to comment to the newspaper, it said.

Abhijit Sarkar, a spokesman for Sahara India, couldn’t be reached by Bloomberg News when called before normal office hours.

To contact the reporter on this story: Robert Fenner in Melbourne at rfenner@bloomberg.net

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