Sony Close to Acquiring MGM
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Sony is a step closer to acquiring famed Hollywood studio Metro-Goldwyn-Mayer in a $3 billion deal that would give it a considerable library of more than 4,100 titles.
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Tom Cruise's film company is close to an agreement with the striking Writers Guild of America, reports say.
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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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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).
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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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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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Los Angeles (dpa) - An investment consortium led by Japanese electronics giant Sony has sealed a deal to buy the legendary Hollywood studio MGM, which will keep functioning as an independent unit producing several films a year, Variety reported Friday.
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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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TOKYO - Sony Corp. is banking on the $3 billion deal to acquire Hollywood studio Metro-Goldwyn-Mayer Inc...
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etro-Goldwyn-Mayer is considering accepting a buyout offer well below the $5 billion price tag originally estimated when word first surfaced about a possible sale, executives close to the negotiations said yesterday.
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Video rental chain Movie Gallery Inc. on Friday said it has made an offer to acquire Hollywood Entertainment Corp., countering a &#36;700 million takeover proposed last week by Blockbuster Inc. and a pending bid from a Los Angeles buyout firm.
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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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In a filing that could dispel rumors that the recent auction for Metro-Goldwyn-Mayer Inc. was not competitive, the studio said winning bidder Sony Corp.
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Metro-Goldwyn-Mayer Inc. (MGM.N: Quote, Profile, Research) shares jumped more than 7 percent on Wednesday on a report that a deal to acquire the company for up to $5 billion could be announced as early as next week.
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An interim production deal between  striking Hollywood writers and the Lionsgate film and  television studio is imminent, said to source close to the  talks 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, taking it from Time Warner at the 11th hour.
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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.