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U.S. movie studio MGM Holdings is exploring a sale, a person familiar with the matter told Reuters on Monday.

The movie studio behind the James Bond franchise has tapped investment banks Morgan Stanley and LionTree LLC and started a formal sale process, the source said, asking not to be identified.

The company has a market value of around $5.5-billion, based on privately traded shares and including debt, the source added. The development was reported earlier by the Wall Street Journal.

MGM Holdings said it had no comment.

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