Sony ends a Hollywood era with pact to buy MGM studios
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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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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.
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Sony Corp. is banking on the &#36;3 billion deal to acquire Hollywood studio Metro-Goldwyn-Mayer Inc. to boost lagging profits by exploiting potential link ups between its electronics and entertainment businesses.
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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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Under a definitive agreement reached Thursday by Metro-Goldwyn-Mayer Inc. and a consortium led by Sony Corporation of America, MGM will continue to operate as a private movie-making company
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A group of companies led by Sony Corp. of America put a lock on its acquisition of film studio Metro-Goldwyn-Mayer Inc. for about $2.
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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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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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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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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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Sony Corp. and a group of investors said they&#39;ve agreed in principle to buy Metro-Goldwyn-Mayer Inc., the movie studio controlled by billionaire Kirk Kerkorian, for $12 a share, or about $2.
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Sony is the last of the four big record labels that have abandoned digital rights management software that limits how many times copies can be made of digital music.
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MGM, the beleaguered Hollywood studio currently being acquired by a consortium of buyers led by Sony Pictures, will continue to co-produce movies as a private company once the takeover is complete.
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A group headed by Sony Corp of America agreed in principle to acquire Hollywood film studio Metro-Goldwyn-Mayer  for &#36;12 a share in cash, MGM said on Monday.
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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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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.