Report says MGM exploring sale, hires investment banks

Board chairman Kevin Ulrich said to be under pressure as investors look to sell stakes.MGM has brought on two investment banks as it explores a possible sale, according to a report in The Wall Street Journal.The studio has been linked with a sale for years and observers said talks could speed up in 2021, after the release of postponed James Bond saga No Time To Die.Several years ago MGM held talks with Apple about a range of options, the WSJ said it has hired Morgan Stanley and LionTree.Despite being a relative minnow in Hollywood with a reported

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