Time Warner Withdraws Bid for MGM
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Time Warner Inc. has withdrawn its all-cash bid for movie studio Metro-Goldwyn-Mayer, saying it could not agree on a price.
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France Telecom's  Orange  unit has pulled out of the bidding for the UK Internet  connection business of Time Warner Inc.'s  AOL, an  industry source close to the matter said on Thursday.
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Media conglomerate Time Warner Inc.  , which operates six cinemas in China with local  partners, has agreed to sell three to a Chinese company and is  in talks to offload the rest, a company spokesman said on  Thursday.
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Warner Music Group Corp. said  Wednesday its &#36;4.6 billion (2.5 billion pounds) counter-bid for  its larger rival EMI Group has been rejected.
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Warner Music Group Corp. said on  Tuesday it decided against bidding for British rival EMI Group  Plc, two days before a deadline to submit an offer loomed.
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Just a few days ago, it appeared that Time Warner (TWX ) was near an upset victory in the bidding war for famed movie studio MGM (MGM ), which owns the world&#39;s biggest film library.
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Kirk Kerkorian&#39;s Tracinda Corp. on  Wednesday backed off plans to restructure MGM Mirage Inc.  , after the casino operator announced a new multibillion  dollar Las Vegas resort project.
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The Sony Corporation today agreed to buy the Hollywood film studio Metro-Goldwyn-Mayer and its valuable film library after rival Time Warner withdrew from the bidding.
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Time Warner has set aside a $500m (Â£272m) war chest to cover regulatory and legal action over accounting practices at its America Online division.
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Media conglomerate Time Warner Inc.,  which operates six cinemas in China with local partners, has  agreed to sell three to a Chinese company and is in talks to  offload the rest, a company spokesman said on Thursday.
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Metro-Goldwyn-Mayer Inc.  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 &#36;5 billion, sources close to the company and its talks with possible bidders said on Tuesday.
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Although the specter of a criminal prosecution of Time Warner Inc. all but vanished with yesterday&#39;s Justice Department settlement, the company&#39;s tentative $300 million agreement to settle
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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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Media giant says both sides fail to agree on a price, leaving Sony as the front-runner. NEW YORK (CNN/Money) - Time Warner Inc. said Monday it would no longer pursue film studio Metro-Goldwyn-Meyer Inc.
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On Wednesday, Time Warner said it will split off AOL's remaining dial-up business.
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MUMBAI: In a bid to reverse its declining fortunes through cost cutting measures Time Warner&#39;s unit America Online which claims to be the world&#39;s largest internet service provider will remove over 700 employees shortly.
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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.