MGM Deal Seen Likely
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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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LOS ANGELES  Â When the union representing Hollywood directors begins contract talks Saturday, striking TV and film writers will likely be calculating how a deal might affect them.
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The Directors Guild of  America has begun casual contract talks with the studios, and  an announcement of formal negotiations appears likely within  the coming week, a step that ensures the writers strike will  persist for some time.
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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 : 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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breakthrough in contract talks has been reached between Hollywood studios and striking writers and could lead to a tentative deal as early as next week.
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A deal to create a Russian metals  giant is likely to be signed as early as Monday, the Wall  Street Journal reported on its Web site on Sunday, citing  people familiar with the talks.
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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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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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Even if it's bogus, a rumored deal might be both companies' best move.
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Negotiators for Hollywood's actors and the industry plan to resume contract talks Wednesday, and sources are confident that a deal can be reached fairly quickly, perhaps within days.
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Comcast swooped in to save Sony Corp.&#39;s bid for MGM Corp., but highly-placed people on Wall Street are now wondering what the real price will be.
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LOS ANGELES: MGM, which is in the process of being sold to a group headed by Sony, 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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The Hollywood directors' union reached a contract deal with major film and television studios on Thursday, a source familiar with the negotiations said, confirming a report in Daily Variety.
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Industry talk over the potential sale of Metro-Goldwyn-Mayer might have subsided in recent weeks.
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Los Angeles (dpa) - An investment consortium led by Japanese electronics giant Sony has sealed a deal to buy the legendary Hollywood studio MGM, which will keep functioning as an independent unit producing several films a year, Variety reported Friday.
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Tom Cruise's film company is close to an agreement with the striking Writers Guild of America, reports say.