Sony Buys MGM in $12 per share deal
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The Associated Press is reporting that film and television studio Metro-Goldwyn-Mayer Inc. has agreed to let itself be bought out by a consortium headed by Sony.
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LOS ANGELES - A consortium led by Sony has agreed in principle to acquire famed Hollywood studio Metro-Goldwyn-Mayer for nearly $3 billion, MGM said late Monday.    The deal marks the last chapter in the history of two of Hollywood's most storied names - MGM, once best known for its musical hits like "Singing in the Rain" and "Meet Me in St...
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A newly formed company said it plans to buy Miami Beach-based LNR Property Corp. (NYSE: LNR) for $63.10 a share in cash, or about $3.
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Film studio Metro-Goldwyn-Mayer Inc. Tuesday reported a net loss in the third quarter on lower revenue as the company prepares to be purchased by a consortium led by Sony Corp.
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Metro-Goldwyn-Mayer shareholders voted overwhelmingly on Friday to approve the film studio's sale to a Sony Corp.-led consortium that includes cable television giant Comcast Corp.
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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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Movie Gallery Inc. MOVI.O on Friday  offered to buy rival movie rental chain Hollywood Entertainment  Corp. HLYW.O for an undisclosed sum, one week after industry  leader Blockbuster Inc. BBI.N bid about $700 million for  Hollywood.
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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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TOKYO - Sony Corp. is banking on the $3 billion deal to acquire Hollywood studio Metro-Goldwyn-Mayer Inc...
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Comcast shareholders should be thrilled with the Sony-MGM deal.
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MGM, which is in the process of being sold to a group headed by Sony Corp., 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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A group of investors led by Japan's Sony Corp. has raised its offer for Hollywood film studio Metro-Goldwyn-Mayer to nearly &#36;5 billion in an attempt to beat out rival bidder Time Warner Inc., a source close to the matter said on Monday.
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Video rental giant Hollywood Entertainment Corp. has agreed to a buyout offer of nearly $850 million from smaller rival Movie Gallery Inc. in a deal that would create a stronger challenger to the industry leader, Blockbuster Inc.
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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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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 consortium led by Sony Corp. of America that includes Comcast Corp. has entered into a definitive agreement to acquire Metro-Goldwyn Mayer Inc.
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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.