Sony Agrees to Buy MGM for Nearly $5 Bln
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A bidding group headlined by Sony  Corp. 6758.T agreed in principle to buy Hollywood film studio  Metro-Goldwyn-Mayer MGM.N for nearly $5 billion on Monday,  after rival bidder Time Warner Inc. TWX.N withdrew from the  auction.
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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 $2.85 billion plus debt,  giving it MGM's film library to exploit in DVD and newer  digital media markets.
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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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Metro-Goldwyn-Mayer, Hollywood's last major independent, is set to accept a Sony offer worth $5bn.
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LOS ANGELES - A consortium led by Sony Corp. has agreed in principle to acquire famed Hollywood studio Metro-Goldwyn-Mayer Inc...
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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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A group headed by Sony Corp of  America agreed in principle to acquire Hollywood film studio  Metro-Goldwyn-Mayer MGM.N for $12 a share in cash, both sides   said on Monday.
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Viacom Inc.  agreed to sell its Famous Music publishing business to Sony/ATV Music Publishing for about $370 million, the Wall Street Journal reported on its Web site on Wednesday.
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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 is a step closer to acquiring famed Hollywood studio Metro-Goldwyn-Mayer in a $3 billion deal that would give it a considerable library of more than 4,100 titles.
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TOKYO With its acquisition of Metro-Goldwyn-Mayer, Sony 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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Viacom Inc.   said on Wednesday it has agreed a deal to sell its Famous Music Publishing unit to Sony/ATV Music Publishing.
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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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The private equity firm BC Partners will buy the worldâs largest commercial satellite operator, in a deal that values the company at about $5 billion.
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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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Viacom Inc.  agreed to sell its  Famous Music publishing business to Sony/ATV Music Publishing  for about $370 million, the Wall Street Journal reported on its  Web site on Wednesday.
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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.