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RELIANCE TO BID MGM

January 15, 2010

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Anil Ambani Reliance Entertainment could opt for a non-binding bid on the Hollywood studio Metro-Goldwyn-Mayer (MGM). According to reports, there are 12 bidders who have shown interest in the studio till now. However, several non-binding bids are also expected and one among them is Reliance Entertainment.

It is important to mention here that the non-binding bid means the bidder can remove or amend the bid at a later stage. Unconfirmed reports say that Reliance Entertainment is expected to finalize the bid next week as it wants to expand its presence in Hollywood.

Tags : Reliance Entertainment

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