• Reuters, Thursday, December 10, 2009 12:11 AM

Liberty Media CEO Greg Maffei says his company will look at the Hollywood studio and library assets of Metro-Goldwyn-Mayer, which is considering selling itself to the highest bidder. His comments initially appeared to contradict Liberty Media Chairman John Malone who told reporters last month that it was "highly unlikely" Liberty would make an offer to buy the company, with a caveat: "depending on where the debt trades..." MGM is struggling with nearly $4 billion in debt.

Industry watchers believe MGM could be worth around $2.5 billion - if the company produces a movie from its famed James Bond franchise every year.

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