Reliance ADAG to buyout MGM studios

Reliance ADAG to buyout MGM studios

Reliance ADAG to buyout MGM studios

Anil Ambani’s Reliance ADAG is in talks with Metro-Goldwyn-Mayer exploring an arrangement to buyout equity investment. Reliance’s bankers at UBS were said to be trying to come up with a workable deal structure.

Former Yahoo Inc and Warner Bros Entertainment CEO Terry Semel and News Corp have also expressed interest in MGM.

Recently, DreamWorks of Spielberg reached a deal with Reliance ADAG for $1.2 billion to produce movies as an independent studio.


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