MGM Sends Out Confidentiality Agreements

Documents go to News Corp, Time Warner, others

Last Updated: November 25, 2009 @ 11:05 AM

Metro-Goldwyn-Mayer, the famed film studio that is considering selling itself, has sent confidentiality agreements to about 20 interested parties including Time Warner Inc and News Corp, sources familiar with the matter said on Tuesday.

The studio, struggling with nearly $4 billion in debt, has also sent these documents to Lions Gate Entertainment Corp and Sony Corp, as a prelude to letting interested parties examine its books, the sources said.

Read more at Reuters.