Update 3: Sources: Sony, Partners OK MGM Acquisition
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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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Shares of film studio Metro-Goldwyn-Mayer (NYSE: MGM) rose more than 6% on heavy volume yesterday on the back of reports from - and followed up by various
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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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The payoff for Macrovision in its having acquired the online and print publisher of TV Guide's regular schedules, appears to have been swift and immediate with a deal that puts Macrovision equipment into Sony displays.
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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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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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The proposed merger between Constellation and The Robert Mondavi Corp. has been finalised. The two companies yesterday (3 November) signed a definitive merger agreement in which Constellation will acquire
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Shares in the fabled movie studio jumped 70 cents, or 6%, to $12.10 yesterday as Wall Street banked on its imminent sale. Sources expect MGM&#39;s Kirk Kerkorian to sign on the dotted line this month, possibly within two weeks.
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Sony disclosed more information about its joint venture in the UK and Ireland with British Sky Broadcasting to bring video downloads to its popular handheld system, as well as a DVR device to bring television programming to the PS3 and PSP.
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Comcast shareholders should be thrilled with the Sony-MGM deal.
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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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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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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, both sides   said on Monday.
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SAN FRANCISCO (CBS.MW) -- A consortium led by Sony Corp. of America announced late Thursday the details of its $4.8 billion agreement to buy Metro-Goldwyn-Mayer.
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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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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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NEW YORK - Sony Corp has conceded to demands from its consortium partners to reduce fees it would get from managing Metro-Goldwyn-Mayer Inc.