Sony Wins MGM Bidding War
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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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TOKYO (CBS.MW) -- Investors seemed unimpressed by news that Sony has won the bidding war for Metro-Goldwyn-Mayer and its treasure-trove library of movie titles.
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LOS ANGELES  - Sony Pictures Entertainment said Thursday that it has reached $3 billion in worldwide box office sales this year, a marker hit by only two other studios in movie history.
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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 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.
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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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A consortium led by Japan&#39;s Sony Corporation has bought the Hollywood MGM Studio to mine MGM&#39;s lucrative library for the booming DVD market.
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LOS ANGELES: MGM, which is in the process of being sold to a group headed by Sony, 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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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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Time Warner Inc. has withdrawn its all-cash bid for movie studio Metro-Goldwyn-Mayer, saying it could not agree on a price.
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Film and television studio  Metro-Goldwyn-Mayer Inc. MGM.N on Monday said it agreed in  principle to be acquired by a consortium led by Sony Corp. of  America for $12 a share in cash, plus assumed debt.
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Sony upped the ante Wednesday in the looming handheld gaming war, giving its PlayStation Portable device a price and on-sale date likely to inspire fierce competition with Nintendo&#39;s DS.
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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  - 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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[Business India] Los Angeles, Sep 24 : After months of wrangling, a consortium led by Sony Corp has signed a definitive deal to buy the famous Hollywood studio MGM, Xinhua reports.
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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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A consortium led by Sony Corp. has agreed in principle to acquire famed Hollywood studio Metro-Goldwyn-Mayer Inc. for nearly $3 billion, MGM said late yesterday.