Sony Corp. acquires MGM Studios for $5 billion
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MUMBAI: It has been a long-running drama and it is Japanese electronics giant Sony Corp that has come out the winner at the end of it.
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TOKYO With its acquisition of Metro-Goldwyn-Mayer, Sony 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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A bidding group headlined by Sony Corp. (6758.T: Quote, Profile, Research) agreed in principle to buy Hollywood film studio Metro-Goldwyn-Mayer (MGM.
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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.
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Sony Corp. and a group of investors reached a final agreement to buy Metro-Goldwyn-Mayer Inc. for US$12 a share, or about US$2.9 billion, to gain control of one of the world&#39;s largest film libraries.
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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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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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The Associated Press is reporting that film and television studio Metro-Goldwyn-Mayer Inc. has agreed to let itself be bought out by a consortium headed by Sony.
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Retailer Sears, Roebuck &amp; Co. on Wednesday said it completed the planned acquisition of 50 stores from Kmart Holding Corp., agreeing to pay $575.
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The Sony Corporation today agreed to buy the Hollywood film studio Metro-Goldwyn-Mayer and its valuable film library after rival Time Warner withdrew from the bidding.
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Metro-Goldwyn-Mayer Inc. MGM.N  has restricted its employees' ability to trade shares in the  company, and could announce as early as next week a deal to be  acquired for up to $5 billion, sources close to the company and  its talks with possible bidders said on Tuesday.
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Microsoft has signed a five-year deal with Viacom that includes online advertising, content distribution, event promotions and games.
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Video rental chain Hollywood  Entertainment Corp. HLYW.O, which may face a hostile takeover  bid by industry leader Blockbuster Inc. BBI.N, on Monday  agreed to be bought by smaller rival Movie Gallery Inc.  MOVI.O for $850 million.
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Metro-Goldwyn-Mayer Inc. (MGM.N: Quote, Profile, Research) shares jumped more than 7 percent on Wednesday on a report that a deal to acquire the company for up to $5 billion could be announced as early as next week.
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LOS ANGELES : A group led by Japan&#39;s Sony Corp. has struck a tentative deal to acquire Metro-Goldwyn-Mayer movie studios for nearly five billion dollars, ending an era in Hollywood history.
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LOS ANGELES, SEPT 14: A consortium led by Sony Corp has agreed in principle to acquire Hollywood studio Metro-Goldwyn-Mayer Inc for nearly $3 billion.
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SAN FRANCISCO (CBS.MW) -- A consortium led by Sony Corp. of America announced late Thursday the details of its $4.8 billion agreement to buy Metro-Goldwyn-Mayer.