Report: MGM Raises Bid for Vivendi Entertainment Assets - TheStreet

Report: MGM Raises Bid for Vivendi Entertainment Assets

But the movie giant sets a deadline for getting more financial information from Vivendi.
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Metro Goldwyn Mayer

(MGM) - Get Report

said Monday that it would raise its bid for the entertainment assets of

Vivendi Universal

(V) - Get Report

to $11.5 billion if it were given access to financial information about the business,

Reuters

reported, citing people familiar with the situation.

But in a letter from Chief Operating Officer Jean-Bernard Levy, MGM said it would quit the auction unless it receives the financial information by July 21,

Reuters

reported, citing the sources.

TheStreet.com looked at

Vivendi's auction earlier

this month.