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Rumor values MGM at $3 billion


August 20, 2008 Rumors circulated Tuesday among entertainment bankers that Kirk Kerkorian had floated a $3 billion offer to MGM. [...] though he recently unveiled a $500 million line of credit for film production at sister banner United Artists, Sloan continues to battle industry perceptions that the Lion is strapped for cash. Well-placed sources indicate MGM is sufficiently capitalized to fund film chief Mary Parent's ambitious new slate of film productions and other studio operations for at least another year.

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