Elliott Out Of MGM Bidding

Mar 19 2010 | 9:08am ET

Elliott Management Corp. has dropped out of the running for movie studio Metro-Goldwyn-Mayer.

The hedge fund, which was considering a bid along with Relativity Media, have decided not to pursue the troubled, debt-laden studio. The number of suitors for MGM continues to be whittled down, as Liberty Media Corp. is also said to have lost interest.

Private equity firm Qualia Capital, in partnership with News Corp., has proposed a restructuring of the studio’s debt instead of a sale. Six companies are expected to make binding offers for MGM.


In Depth

U.S. Treasury Moves on Reinsurance Loophole

Apr 24 2015 | 5:11pm ET

The U.S. Treasury Department has released proposed rules aimed at limiting the ability...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Starting a ‘40 Act Fund Family? Don’t Forget Your Board

Apr 30 2015 | 7:18am ET

The convergence of the hedge fund and mutual fund worlds continues unabated, as...

 

Editor's Note