MGM: Time Warner Leaves It to Sony
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Just a few days ago, it appeared that Time Warner (TWX ) was near an upset victory in the bidding war for famed movie studio MGM (MGM ), which owns the world&#39;s biggest film library.
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First Sony (NYSE: SNE), and now Time Warner (NYSE: TWX) has invested in Gaia Interactive, a San Jose, CA-based virtual space âhangoutâ geared towards young people. The amount was not disclosed, reports VentureBeat. Late last year the company announced an investment from Sony Pictures, and a tie-up with Sony and Warner Bros. (owned by Time Warner) to stream movies and TV shows inside of virtual theaters online created on its service.
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Time Warner (TWX:NYSE - news - research) shifted gears in its pursuit of billionaire investor Kirk Kerkorian&#39;s Metro-Goldwyn-Mayer (MGM:NYSE - news - research), switching its $4.
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LOS ANGELES - Hollywood film studio Metro-Goldwyn-Mayer is to be bought for about US$2.85 billion ($4.4 billion) by a group headed by Sony of America.
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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 reached a tentative agreement to buy Metro-Goldwyn-Mayer, the Hollywood studio for about $4.9 billion.
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LOS ANGELES - A consortium led by Sony has agreed in principle to acquire famed Hollywood studio Metro-Goldwyn-Mayer for nearly $3 billion, MGM said late Monday.    The deal marks the last chapter in the history of two of Hollywood's most storied names - MGM, once best known for its musical hits like "Singing in the Rain" and "Meet Me in St...
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Time Warner Inc. on Monday said it  would withdraw its bid for Metro-Goldwyn-Meyer Inc., saying it  could not reach an agreement on price.
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LOS ANGELES: A group headed by Sony Corp of America on Monday agreed to buy Hollywood film studio Metro-Goldwyn-Mayer for about US$2.
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Although the specter of a criminal prosecution of Time Warner Inc. all but vanished with yesterday&#39;s Justice Department settlement, the company&#39;s tentative $300 million agreement to settle
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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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Film and television studio Metro-Goldwyn-Mayer Inc. (MGM.N: Quote, Profile, Research) on Monday said it agreed in principle to be acquired by a consortium led by Sony Corp.
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After Time Warner withdrew its $4.6 billion bid, Sony reached a deal to acquire the Lion. And the winner isâ¦ Sony! After Time Warner withdrew its $4.
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A group headed by Sony Corp of  America agreed in principle to acquire Hollywood film studio  Metro-Goldwyn-Mayer MGM.N for $12 a share in cash, MGM said  on Monday.
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PHILADELPHIA/LOS ANGELES  - A group headed by Sony  Corp. of America on Monday agreed to buy Hollywood film studio  Metro-Goldwyn-Mayer for about $2.85 billion in cash to mine  MGM's lucrative library for the booming DVD market.
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Media conglomerate Time Warner Inc.,  which operates six cinemas in China with local partners, has  agreed to sell three to a Chinese company and is in talks to  offload the rest, a company spokesman said on Thursday.
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Time Warner Inc. and Comcast Corp. agreed to a deal Monday giving Comcast an option to cut its stake in Time Warner&#39;s cable unit, opening the door for Comcast to unwind the entire partnership.