UK markets open in 5 hours 4 minutes
  • NIKKEI 225

    28,603.85
    +361.64 (+1.28%)
     
  • HANG SENG

    29,494.31
    +631.54 (+2.19%)
     
  • CRUDE OIL

    52.27
    -0.09 (-0.17%)
     
  • GOLD FUTURES

    1,840.20
    +10.30 (+0.56%)
     
  • DOW

    30,814.26
    -177.24 (-0.57%)
     
  • BTC-GBP

    27,048.02
    -147.98 (-0.54%)
     
  • CMC Crypto 200

    723.71
    -11.43 (-1.55%)
     
  • ^IXIC

    12,998.50
    -114.10 (-0.87%)
     
  • ^FTAS

    3,798.30
    -5.45 (-0.14%)
     

Movie studio behind 'James Bond' franchise explores sale - source

·1-min read
Trailer for a James Bond film "No Time to Die" is displayed in London

(Reuters) - U.S. movie studio MGM Holdings is exploring a sale, a person familiar with the matter told Reuters on Monday.

The movie studio behind the "James Bond" franchise has tapped investment banks Morgan Stanley and LionTree LLC and started a formal sale process, the source said, asking not to be identified.

The company has a market value of around $5.5 billion, based on privately traded shares and including debt, the source added. The development was reported https://on.wsj.com/37DWKEq earlier by the Wall Street Journal.

MGM Holdings said it had no comment.

(Reporting by Kanishka Singh in Bengaluru and Krystal Hu in New York; Editing by Maju Samuel)