Sony to take over MGM Studios for $5 billion
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WASHINGTON -- Sony Corp. is set to take over Hollywood film giant Metro-Goldwyn-Mayer Studios Inc. (MGM) for about 5 billion dollars, Sony officials said Monday.
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Sony is a step closer to acquiring famed Hollywood studio Metro-Goldwyn-Mayer in a $3 billion deal that would give it a considerable library of more than 4,100 titles.
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Metro-Goldwyn-Mayer, Hollywood's last major independent, is set to accept a Sony offer worth $5bn.
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Film studio Metro-Goldwyn-Mayer Inc. Tuesday reported a net loss in the third quarter on lower revenue as the company prepares to be purchased by a consortium led by Sony Corp.
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A group led by Sony of America reached a tentative agreement to buy Metro-Goldwyn-Mayer for about $4.8 billion in cash, taking it from Time Warner at the 11th hour.
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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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A historic Hollywood studio that was the former headquarters of Columbia Pictures has been sold.
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The music rights of Mukta Arts' 'Aitraaz' has been acquired by Sony Music.
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It was a bold, down-to-the-wire move that would do Agent 007 proud. At the last minute, Sony elbowed Time Warner aside to win the bidding last week for Metro-Goldwyn-Mayer
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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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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 group led by Sony of America reached a tentative agreement to buy Metro-Goldwyn-Mayer for about $4.8 billion in cash, snatching it from Time Warner at the 11th hour.
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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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LOS ANGELES - Sony Corp. and several financial partners have agreed in principle to acquire movie studio Metro-Goldwyn-Mayer for about $2.94 billion in cash, sources familiar with the talks said Monday...
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NEW YORK - Sony Corp has conceded to demands from its consortium partners to reduce fees it would get from managing Metro-Goldwyn-Mayer Inc.
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Film and television studio  Metro-Goldwyn-Mayer Inc. MGM.N on Monday said it agreed in  principle to be acquired by a consortium led by Sony Corp. of  America for $12 a share in cash, plus assumed debt.
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A consortium led by Sony Corp. has agreed in principle to acquire famed Hollywood studio Metro-Goldwyn-Mayer Inc. for nearly $3 billion, MGM said late yesterday.