Sony to take over MGM Studios for $5 billion
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WASHINGTON -- Sony Corp. is set to take over Hollywood film giant Metro-Goldwyn-Mayer Studios Inc. (MGM) for about 5 billion dollars, Sony officials said Monday.
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Time Warner Inc. withdrew its bid  for Hollywood film studio Metro-Goldwyn-Mayer on Monday, after  sources said a rival bidder group headlined by Japan's Sony  Corp. raised its offer to nearly $5 billion.
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So when a consortium of investors led by the Sony Corporation of America announced that it had reached a deal in principle to acquire Metro-Goldwyn-Mayer for nearly $5 billion, it came
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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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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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Video rental giant Hollywood Entertainment Corp. has agreed to a buyout offer of about $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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Arthouse studio United Artists, which has already undergone its share of turmoil in the past few years, now faces further uncertainty in the wake of Sony Corp.'s &#36;5 billion agreement to buy its MGM parent.
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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 $2.
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PHILADELPHIA/LOS ANGELES  - A group headed by Sony  Corp. of America on Monday 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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Metro-Goldwyn-Mayer Inc. (MGM.N: Quote, Profile, Research) shares jumped more than 7 percent on Wednesday on a report that a deal to acquire the company for up to $5 billion could be announced as early as next week.
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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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Sony is hiring some big guns to capture movie giant Metro-Goldwyn-Mayer. Photo: AP. Unlike the old days, Sony is seeking outside support in its tilt at MGM, writes William Pesek.
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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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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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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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A group of companies led by Sony Corp of America which includes cable television&#39;s Comcast Corp. on Thursday said it has signed a definite agreement to acquire film studio Metro-Goldwyn-Mayer Inc.
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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.