Reliance's Ambani expected to bid for MGM
Anil Ambani, the Indian billionaire, is expected to bid for Metro-Goldwyn-Mayer (MGM), the iconic but beleaguered Hollywood studio.
MGM, whose hits have included Ben Hur, the Wizard of Oz and Gone With The Wind, has put itself up for auction after struggling to service debts of $3.7 billion (£2.27 billion), the legacy of a 2005 leveraged buyout.
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