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Lions Gate holds talks with MGM over merger.

LONDON: Lions Gate Entertainment Corp has restarted talks with Metro-Goldwyn-Mayer about a possible merger, the Financial Times reported on Friday.

Earlier this year, Lions Gate dropped its bid for MGM but has now resumed informal talks with the movie studio behind the Pink Panther and James Bond franchises, the paper said citing a person familiar with the situation.

Any deal would face approval from billionaire investor Carl Icahn, who raised his stake in Lions Gate to 31.8 percent earlier this month. Icahn has openly criticized a bid for MGM, the paper said.

Lions Gate, home to the "Saw" films and the "Mad Men" series, declined to comment.

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Publication:Times of Oman (Muscat, Oman)
Date:Jun 27, 2010
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