Mohammed Al Fayed Mulls Pinewood Shepperton Bid
The former owner of Harrods is considering an all-cash offer for Pinewood Shepperton film studios.
LONDON -- Mohammed Al Fayed confirmed in a statement to the City on Thursday that he is "considering making an all-cash offer for Pinewood," according to The Guardian.
"There can be no certainty that an offer will be forthcoming," the statement added.
Fayed, who sold Harrods last year for £1.5 billion ($2.48 billion), previously owned a studio in Egypt and funded the Oscar-winning 1981 film Chariots of Fire, which his late son Dodi executive produced.
The studio, which has been home to Batman and James Bond films over the years,as well as home to the fourth installment of the Pirates of the Caribbean franchise and the final Harry Potter film, said earlier this week that it had received a rival takeover approach after having initially been wooed by property investor Peel Holdings, in a bid that valued the studio at $143.5 million.