Sony Close to Acquiring MGM
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The planned $3 billion deal would give Sony a library of more than 4,100 titles. Also: Vivendi says its recovery is almost complete, despite large losses & hellip;. Canon and Toshiba team up to produce next-generation flat display panels & hellip;. and more.
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Metro-Goldwyn-Mayer Inc. will merge with Sony Corp. of America in a deal valued nearly at $5 billion or $12 a share, the company announced late Monday.
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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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Sony is hiring some big guns to capture movie giant Metro-Goldwyn-Mayer. Photo: AP. Unlike the old days, Sony is seeking outside support in its tilt at MGM, writes William Pesek.
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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 $2.85 billion plus debt,  giving it MGM's film library to exploit in DVD and newer  digital media markets.
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A consortium led by Sony Corp. that includes cable television giant Comcast Corp. has entered into a definitive agreement to acquire venerable film studio Metro-Goldyn-Mayer, the parties said Thursday.
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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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A group of companies led by Sony Corp of America which includes cable television&#39;s Comcast Corp. on Thursday said it has signed a definite agreement to acquire film studio Metro-Goldwyn-Mayer Inc.
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The Lionsgate movie studio is close to an interim production deal with striking Hollywood writers, a source close to the talks said on Thursday.
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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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Health care and consumer products maker Johnson &amp; Johnson is close to finalizing its long-rumored $24 billion cash and stock acquisition of medical-device maker Guidant Corp.
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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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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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Private equity suitors are close to arranging a deal to buy casino giant Harrah's Entertainment Inc. , The Wall Street Journal reported on 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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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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Metro-Goldwyn-Mayer, Hollywood's last major independent, is set to accept a Sony offer worth $5bn.