Time Warner Pulls MGM Bid, Clears Way for Sony
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Over the weekend, Time Warner had warned the movie studio that it would pull out if MGM did not accept its offer in the next few days.
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LOS ANGELES : A group led by Japan&#39;s Sony Corp. struck an agreement in principle to acquire Hollywood&#39;s Metro-Goldwyn-Mayer studio, a source close to the deal said after Time Warner dropped its offer.
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A consortium led by Sony reached a tentative agreement to buy Metro-Goldwyn-Mayer, the Hollywood studio for about $4.9 billion.
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A group headed by Sony Corp of  America agreed in principle to acquire Hollywood film studio  Metro-Goldwyn-Mayer MGM.N for $12 a share in cash, MGM said  on Monday.
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Time Warner Inc. finalized an agreement Monday to sell the Atlanta Braves to Liberty Media Corp. after more than a year of negotiations.
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WASHINGTON -- Sony Corp. is set to take over Hollywood film giant Metro-Goldwyn-Mayer Studios Inc. (MGM) for about 5 billion dollars, Sony officials said Monday.
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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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Time Warner Inc. has withdrawn its all-cash bid for movie studio Metro-Goldwyn-Mayer, saying it could not agree on a price.
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Metro-Goldwyn-Mayer, Hollywood's last major independent, is set to accept a Sony offer worth $5bn.
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[Business India] Los Angeles, Sep 24 : After months of wrangling, a consortium led by Sony Corp has signed a definitive deal to buy the famous Hollywood studio MGM, Xinhua reports.
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NEW YORK - A group of investors led by Sony Corp has agreed to buy Metro-Goldwyn-Mayer Inc for nearly $5 billion, US news reports said Monday.
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PARIS/LONDON  - France Telecom's FTE.PA Orange   unit has pulled out of the bidding for the UK Internet   connection business of Time Warner Inc.'s TWX.N AOL, an   industry source close to the matter said on Thursday.
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A group led by Sony of America reached a tentative agreement to buy Metro-Goldwyn-Mayer for about $4.8 billion in cash, snatching it from Time Warner at the 11th hour.
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PHILADELPHIA/LOS ANGELES  - A group headed by Sony  Corp. of America on Monday 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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A consortium led by Sony Corp. has agreed in principle to acquire famed Hollywood studio Metro-Goldwyn-Mayer Inc. for nearly $3 billion, MGM said late yesterday.
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A Sony-led group has a deal in principle to buy Metro-Goldwyn-Mayer for about $2.94 billion in cash and $1.95 billion in assumed debt, MGM (MGM) announced Monday evening.
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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).