Friday 16:34 pmBonds - $4B in bonds. Suitors including News Corp. (NWS), Time Warner (TWX), Sony (SNE) and Qualia Capital are beginning to circle around the MGM film studio - owner of the "James Bond 007" franchise as well as a 4,100-film library - which considers a sale among its options to get out from under $4B in debt.
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Thursday 08:58 am AOL will slash its workforce by 1/3 after its December spinoff from Time Warner (TWX). AOL is seeking 2,500 employees to voluntarily take severance, and hopes to reduce annual operating costs by $300M. (8-K)
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