Sony Wins MGM Bidding War
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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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Tata Steel topped an offer from Brazilâs Companhia SiderÃºrgica Nacional to win a heated auction for its European rival, the Corus Group.
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Time Warner Inc. has withdrawn its all-cash bid for movie studio Metro-Goldwyn-Mayer, saying it could not agree on a price.
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The gloves came off Tuesday in the heavyweight battle over Hollywood Entertainment Corp., the nation&#39;s No. 2 video rental chain.
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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. 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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Entertainment companies had been vying for MGM to get their hands on its library of more than 4,000 titles. Time Warner initially was seen as the front-runner in the race.
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Sony will be taking over United Artists, a brand name with a long history and a certain cachet in the movie business.
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Japanese electronics and entertainment conglomerate Sony Corp said on Wednesday it was still in talks to buy the Metro-Goldwyn-Mayer Inc. film studio, which is also talking to Time Warner Inc.
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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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Metro-Goldwyn-Mayer, Hollywood's last major independent, is set to accept a Sony offer worth $5bn.
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A consortium led by Japan&#39;s Sony Corporation has bought the Hollywood MGM Studio to mine MGM&#39;s lucrative library for the booming DVD market.
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LOS ANGELES  - Sony Pictures Entertainment said Thursday that it has reached $3 billion in worldwide box office sales this year, a marker hit by only two other studios in movie history.
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Gold producer Harmony yesterday won the latest round in its battle to acquire Gold Fields when the South African high court ruled that the hostile bid for its rival was lawful.
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NEW YORK, September 10 (New Ratings) - Oracle Corp (ORCL.NAS) won the antitrust suit yesterday for its hostile takeover bid for rival PeopleSoft Inc (PSFT), the world&#39;s second largest provider of enterprise application software.
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Three major movie studios have signed on for Sony&#39;s high-definition technology for the discs. But a competitor has drawn big support, too.
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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.