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Movie studio behind ‘James Bond’ franchise explores sale

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Image Credits: ABS-CBN News, REUTERS/Lisi Niesner.

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.

Film advertisment for the “007” franchise in London – Photo: REUTERS/Lisi Niesner

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 on.wsj.com/37DWKEq earlier by the Wall Street Journal. (Reuters/NAN)

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