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Liberty Media eyes MGM

Cable network provider Liberty Media is eyeing the acquisition of Hollywood studio MGM.

Liberty Media CEO Greg Maffei told investors at the UBS Media investor conference that the John Malone-run company, the US sister company to international cable operator Liberty Global, which operates cable services across the world, and owner of the Starz content division, would consider acquiring the troubled studio, which has was recently put on the block.

MGM, which owns the James Bond franchise, is owned by private equity firms Providence and TPG as well as Sony and Comcast and is expected to fetch around US$2.5bn (€1.7bn).