U.S. markets open in 5 hours 49 minutes
  • S&P Futures

    3,847.50
    +13.25 (+0.35%)
     
  • Dow Futures

    30,956.00
    +47.00 (+0.15%)
     
  • Nasdaq Futures

    13,472.75
    +111.25 (+0.83%)
     
  • Russell 2000 Futures

    2,169.60
    +5.60 (+0.26%)
     
  • Crude Oil

    52.62
    +0.35 (+0.67%)
     
  • Gold

    1,850.80
    -5.40 (-0.29%)
     
  • Silver

    25.59
    +0.03 (+0.13%)
     
  • EUR/USD

    1.2179
    +0.0004 (+0.04%)
     
  • 10-Yr Bond

    1.0910
    0.0000 (0.00%)
     
  • Vix

    22.31
    +0.99 (+4.64%)
     
  • GBP/USD

    1.3706
    +0.0022 (+0.16%)
     
  • USD/JPY

    103.7200
    -0.0410 (-0.04%)
     
  • BTC-USD

    33,355.59
    -91.65 (-0.27%)
     
  • CMC Crypto 200

    675.18
    -1.72 (-0.25%)
     
  • FTSE 100

    6,677.58
    -17.49 (-0.26%)
     
  • Nikkei 225

    28,822.29
    +190.84 (+0.67%)
     

Movie studio behind 'James Bond' franchise explores sale

·1 min read
Trailer for a James Bond film "No Time to Die" is displayed in London

(Reuters) - 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.

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 https://on.wsj.com/37DWKEq earlier by the Wall Street Journal.

MGM Holdings said it had no comment.

(Reporting by Kanishka Singh in Bengaluru and Krystal Hu in New York; Editing by Maju Samuel)