The Halcyon Company is putting the rights to future "Terminator" films, TV series and merchandise on auction on Monday in Los Angeles, two days before a bankruptcy court hearing.
Last month Lionsgate was the first bidder--fighting off MGM with an offer of $15 million and a 5% cut of future gross receipts.
Sony put in a bid on Thursday, the final day for offer submissions.
Either way Lionsgate will walk away with something even if it doesn't win T-rights it will get $750,000 as a break up fee from the winning bidder.
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