Time Warner Shifts MGM Bid to Cash
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Time Warner (TWX:NYSE - news - research) shifted gears in its pursuit of billionaire investor Kirk Kerkorian&#39;s Metro-Goldwyn-Mayer (MGM:NYSE - news - research), switching its $4.
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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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MOVIE studio Metro-Goldwyn Meyer has reportedly banned some of its staff from buying or selling its shares, stoking speculation that a multibillion-dollar takeover of the group could be days away, with Time Warner the favoured candidate.
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Time Warner Inc. announced that it has set aside $500 million in legal reserves in connection with a government probe and that it will restate its financial results for 2000, 2001, and possibly 2002.
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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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Time Warner Inc. and Comcast Corp. on Monday said they have agreed to allow Comcast to cut its interest in Time Warner Cable Inc. to 17 percent from about 21 percent.
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After Time Warner withdrew its $4.6 billion bid, Sony reached a deal to acquire the Lion. And the winner isâ¦ Sony! After Time Warner withdrew its $4.
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Time Warner Inc.  and Comcast Corp.  said on Monday they had agreed to a pact giving Comcast an option to cut its interest in Time Warner Cable Inc. in exchange for stock in a Time Warner subsidiary that will hold cable systems and cash.
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Warner Music Group said on Wednesday any  takeover offer for Britain's EMI Group Plc would probably all  be in cash, briefly boosting the London-based company's shares.
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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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NEW YORK (CBS.MW) -- Comcast said Monday that it has an option to cut its stake in Time Warner Cable to 17 percent from 21 percent in exchange for stock in a unit that will hold cable-television systems and cash.
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The "obvious" has finally come to pass at Time Warner.
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Metro-Goldwyn-Mayer Inc. (MGM.N: Quote, Profile, Research) shares dropped 8 percent on Thursday after the film studio indicated a sale of its assets would likely be less than Wall Street has been expecting.
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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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It was a bold, down-to-the-wire move that would do Agent 007 proud. At the last minute, Sony elbowed Time Warner aside to win the bidding last week for Metro-Goldwyn-Mayer
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The entertainment conglomerate -- which is entangled in a Delaware court battle stemming from the outsized compensation enjoyed by the company&#39;s onetime president -- said the changes reflect a shift away from stock options and would introduce new
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The company said it would eliminate 275 jobs and slash direct mortgage lending to preserve cash after it was forced to cancel a $101.2 million rights offering.