Sony Group Locks Up MGM Acquisition
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A group of companies led by Sony Corp. of America put a lock on its acquisition of film studio Metro-Goldwyn-Mayer Inc. for about $2.
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Sony Corp. has reportedly reached a tentative deal to buy Hollywood studio Metro-Goldwyn-Mayer Inc. shortly after media giant Time Warner Inc.
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NEW YORK (Kyodo) A group of investors led by Sony Corp. said Thursday it has finalized a $4.9 billion acquisition deal with Hollywood film studio Metro-Goldwyn-Mayer Inc.
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LOS ANGELES Sept. 13, 2004 - A consortium led by Sony Corp. has agreed in principle to acquire famed Hollywood studio Metro-Goldwyn-Mayer Inc.
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A consortium led by Sony Corp. that includes cable television giant Comcast Corp. has entered into a definitive agreement to acquire venerable film studio Metro-Goldyn-Mayer, the parties said Thursday.
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Time Warner Inc. withdrew its bid  for Hollywood film studio Metro-Goldwyn-Mayer on Monday, after  sources said a rival bidder group headlined by Japan's Sony  Corp. raised its offer to nearly $5 billion.
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Japanese consumer electronic giant Sony is hoping to close a deal that will give it control of the famed MGM studio in the United States.
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With its acquisition of Hollywood film  studio Metro-Goldwyn-Mayer, Sony Corp is one step closer to its  vision of linking hardware and content, and to winning the key  battle for the next generation DVD.
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Sony is hiring some big guns to capture movie giant Metro-Goldwyn-Mayer. Photo: AP. Unlike the old days, Sony is seeking outside support in its tilt at MGM, writes William Pesek.
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A bidding group headlined by Sony  Corp. 6758.T agreed in principle to buy Hollywood film studio  Metro-Goldwyn-Mayer MGM.N for nearly $5 billion on Monday,  after rival bidder Time Warner Inc. TWX.N withdrew from the  auction.
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A group of investors led by Japan's Sony Corp. has raised its offer for Hollywood film studio Metro-Goldwyn-Mayer to nearly &#36;5 billion in an attempt to beat out rival bidder Time Warner Inc., a source close to the matter said on Monday.
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Arthouse studio United Artists, which has already undergone its share of turmoil in the past few years, now faces further uncertainty in the wake of Sony Corp.'s &#36;5 billion agreement to buy its MGM parent.
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It&#39;s another black eye for Sony. After closing its online music store in August, news comes that the entertainment giant is delaying the opening of its online community for  the PlayStation 3.
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FTC shakes down Seismic Entertainment Productions
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LOS ANGELES  - MGM, which is in the  process of being sold to a group headed by Sony Corp., has  insisted on a business-as-usual stance, but that business no  longer involves the immediate production of a new James Bond  movie.
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Time Warner Inc. has withdrawn its all-cash bid for movie studio Metro-Goldwyn-Mayer, saying it could not agree on a price.
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A bidding group headlined by Sony Corp. (6758.T) agreed in principle to buy Hollywood film studio Metro-Goldwyn-Mayer  for nearly &#36;5 billion on Monday, after rival bidder Time Warner Inc.  withdrew from the auction.