FOR SALE

MGM studios. With a debt of $3.7  billion (with a B), and a series of debts due to be repaid later this year, the consortium of 100 bankers is asking for bids.

To the rescue? Speculation is that it will be Anil Ambani, owner of Reliance, the Indian studio that already owns a controlling stake in Steven Spielberg’s DreamWorks studio.

Currently the studio is controlled by Providence Equity Partners Inc. and TPG. Comcast Corp. and Sony Corp. each own 20 percent, while DLJ Merchant Partners holds 7 percent and Quadrangle Group holds 3 percent. Led by Providence, the group bought MGM for $5 billion in 2005. Sony and Comcast have written off their investments.