Metro Goldwyn Mayer
said Monday that it would raise its bid for the entertainment assets of
to $11.5 billion if it were given access to financial information about the business,
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,
reported, citing the sources.
TheStreet.com looked at
Vivendi's auction earlier