Spyglass and MGM: Spyglass Entertainment is near a deal to run MGM once the studio finishes restructuring its $4 billion debt load this summer.
Failing to Disclose: FINRA fined Morgan Stanley $800,000 for failing to disclose conflicts of interest of research reports and public appearances of analysts since 2006.
California Dreaming: California Governor Arnold Schwarzenegger thinks he can reach a deal to erase the state’s $19.1 billion deficit and pass a budget by the end of the month.
Surviving AIG: Robert Benmosche, AIG’s CEO, celebrates surviving a year at AIG, from Dealbreaker.
Supporting Dreamworks: Jeffrey Katzenberg, head of Dreamworks, is blogging and says he hosted the owners of TPG who expressed their support of the studio.
Facebook Closes Hot Potato: CNET is reported that Facebook has completed its buy of Hot Potato for $10 million with most of that going to founder Justin Shaffer.