"Finally this afternoon, CNN/Money is reporting that Warner may be about to close the deal in its months-long effort to purchase the MGM film library. MGM has reportedly restricted some of its employees' ability to trade shares in the company, a strong indicator that something's afoot behind the scenes. Thanks to Bits reader Chris W. for the heads-up on this. Other news sources (click here and here) also have updates on the deal today, saying that to make their bid more attractive to MGM majority owner Kirk Kerkorian, Warner has shifted their offer to all cash (from cash and stock). Looks like this could be for real, folks."
We'll have to see.