Hollywood Entertainment OKs &#36;850M Buyout
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Video rental giant Hollywood Entertainment Corp. has agreed to a buyout offer of nearly &#36;850 million from smaller rival Movie Gallery Inc. in a deal that would create a stronger challenger to the industry leader, Blockbuster Inc.
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Fannie Mae , the embattled U.S. home financing company, on Wednesday said it agreed to sell &#36;5 billion in preferred stock to institutional buyers as part of an effort to comply with regulatory demands to increase capital.
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Hollywood Entertainment Corp. , which may face a hostile takeover bid by Blockbuster Inc. , on Monday agreed to be bought by smaller rival Movie Gallery Inc.  for about &#36;850 million in a merger of two big U.S. video rental chains.
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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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LOS ANGELES/TOKYO  - A group headed by Sony Corp.  of America has 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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Rupert Murdoch's News Corp., moving to regain full control of its majority owned Fox television properties, is offering to buy the remaining publicly held shares of Fox Entertainment Group Inc. in a &#36;5.9 billion stock deal.
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Movie Gallery Inc. on Friday said it has offered to buy rival movie rental chain Hollywood Entertainment Corp. for an undisclosed sum, one week after Blockbuster Inc. bid about &#36;700 million for Hollywood.
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Blockbuster on Thursday said it has contacted Hollywood Entertainment Corp. about acquiring its top rival for $700 million. Hollywood shares jumped 13.
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Planet Hollywood investors on Wednesday said they officially had taken over the Aladdin casino, the megaresort on the Las Vegas Strip that they won a year ago in a bankruptcy sale for &#36;635 million.
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After months of heated wrangling and public speculation, a consortium led by Sony Corp. signed a definitive deal Thursday to buy the famous Hollywood studio Metro-Goldwyn-Mayer (MGM).
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Sony Corp. is a step closer to acquiring famed Hollywood studio Metro-Goldwyn-Mayer Inc. in a &#36;3 billion deal that would give it a considerable library of more than 4,100 titles.
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Hollywood Entertainment Corp.  HLYW.O, which may face a hostile takeover bid by Blockbuster  Inc. BBI.N, on Monday agreed to be bought by smaller rival  Movie Gallery Inc. MOVI.O for about $850 million in a merger  of two big U.S. video rental chains.
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The flurry of activity  between Hollywood and Wall Street shows no sign of abating. New  Line Cinema is the latest to get into the game with the  announcement Wednesday of a $350 million film financing  arrangement with the Royal Bank of Scotland -- a longtime  banking partner of the Time Warner subsidiary.
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Hotel operator Wyndham International Inc.  on Friday said it agreed to sell 25 hotels for &#36;366 million to a private investment fund managed by Goldman Sachs Group Inc.  and affiliates of Highgate Holdings.
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Blockbuster Inc., the largest U.S.  video rental chain, on Thursday said it has offered to buy  competitor Hollywood Entertainment Corp. for about $700  million, topping Hollywood's agreement with a private buyout  firm.
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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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Blockbuster Inc. , the largest U.S. video rental chain, on Thursday said it has contacted Hollywood Entertainment Corp.  about acquiring its top rival for &#36;700 million.