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United Artists secures $500m slate deal

Tom Cruise and Paula Wagner's United Artists have secured the awaited $500m slate financing deal through Merrill Lynch.The financing from investors in Europe, Asia, Africa and the US was expected but it comes against the background of financial turmoil in global markets which has threatened some deals.Yesterday Goldman Sachs and Deutsche Bank reportedly withdrew their commitment to underwrite UA parent company MGM's $1bn slate deal in the wake of the global credit ...

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