Sony Group Agrees in Principle to Buy MGM
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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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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 &#36;2.85 billion plus debt, giving it MGM's film library to exploit in DVD and newer digital media markets.
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Wurld Media has concluded agreements with Sony BMG, Universal Music Group and Warner Music Group to facilitate the licensing of music exchanged on its peer-to-peer music network.
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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.
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LOS ANGELES, SEPT 14: A consortium led by Sony Corp has agreed in principle to acquire Hollywood studio Metro-Goldwyn-Mayer Inc for nearly $3 billion.
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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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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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An investment firm owned by the government of Dubai says it has bought a "substantial stake" in Sony.
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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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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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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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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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The Hollywood directors' union reached a contract deal with major film and television studios on Thursday, a source familiar with the negotiations said, confirming a report in Daily Variety.
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Hollywood Entertainment Corp. , which may face a hostile takeover bid by Blockbuster Inc. , on Monday agreed to be bought by smaller rival Movie Gallery Inc.  for about &#36;850 million in a merger of two big U.S. video rental chains.
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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 bidding group headlined by Sony Corp. (6758.T: Quote, Profile, Research) agreed in principle to buy Hollywood film studio Metro-Goldwyn-Mayer (MGM.
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A bidding group headlined by Sony Corp. (6758.T) agreed in principle to buy Hollywood film studio Metro-Goldwyn-Mayer  for nearly &#36;5 billion on Monday, after rival bidder Time Warner Inc.  withdrew from the auction.