for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

UPDATE 1-Movie studio behind "James Bond" franchise explores sale - source

(Changes sourcing, adds MGM’s response)

Dec 21 (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 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)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up