Metro-Goldwyn-Mayer, known to millions of movie fans as MGM, is near bankruptcy after taking on too much debt. But the studio may have a white knight in the form of the Indian media conglomerate Sahara India Pariwar. Published reports say the company is in talks to take over MGM, which was founded in 1924 and produced such classics as The Wizard of Oz.
Indian Conglomerate Could Buy MGM
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