The New York Times > Business > Market Place:: "Mr. Kerkorian, the 87-year-old financier who owns the MGM Mirage hotel and casino empire, threw down a bet Friday night by making an unsolicited $4.5 billion bid to buy its rival down the Las Vegas Strip, the Mandalay Resort Group.
The maneuver comes straight out of Mr. Kerkorian's deal playbook: he made a similar move in 2000 when he successfully acquired Mirage Resorts from Steven A. Wynn in a prolonged battle that started much the way this one has.
He is already in the selling mood, currently engaged in talks to sell his film studio, Metro-Goldwyn-Mayer, to Sony and two private equity firms, Texas Pacific and Providence Equity. Some analysts have speculated that Mr. Kerkorian is trying to unload MGM to pay for Mandalay, but executives close to him said the two deals were unrelated and that he already had lined up financing for a Mandalay deal."
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