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

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note