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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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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Metro-Goldwyn-Mayer Inc. will merge with Sony Corp. of America in a deal valued nearly at $5 billion or $12 a share, the company announced late Monday.
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NEW YORK (Kyodo) A group of investors led by Sony Corp. said Thursday it has finalized a $4.9 billion acquisition deal with Hollywood film studio Metro-Goldwyn-Mayer Inc.
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LOS ANGELES  - 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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Hollywood Entertainment Corp.  HLYW.O, which may face a hostile takeover bid by Blockbuster  Inc. BBI.N, on Monday agreed to be bought by smaller rival  Movie Gallery Inc. MOVI.O for about $850 million in a merger  of two big U.S. video rental chains.
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Japanese consumer electronic giant Sony is hoping to close a deal that will give it control of the famed MGM studio in the United States.
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Film and television studio Metro-Goldwyn-Mayer Inc. (MGM.N: Quote, Profile, Research) on Monday said it agreed in principle to be acquired by a consortium led by Sony Corp.
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Buying a share of Metro-Goldwyn-Mayer will let Comcast Corp. greatly beef up its video-on-demand offerings, an area where the nation's largest cable television operator hopes to gain ground on satellite TV competitors.
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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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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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Sony Corp. and a group of investors reached a final agreement to buy Metro-Goldwyn-Mayer Inc. for US$12 a share, or about US$2.9 billion, to gain control of one of the world&#39;s largest film libraries.
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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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NEW YORK - Sony Corp has conceded to demands from its consortium partners to reduce fees it would get from managing Metro-Goldwyn-Mayer Inc.
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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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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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Sony's financial unit will be allowed to list on the Tokyo Stock Exchange beginning Oct. 11 in an offering worth up to $3.12 billion, the company said Tuesday.