Sony To Acquire Hollywood Studio For $3Bn
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LOS ANGELES, SEPT 14: A consortium led by Sony Corp has agreed in principle to acquire Hollywood studio Metro-Goldwyn-Mayer Inc for nearly $3 billion.
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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.
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Sony Corp. and a group of investors said they&#39;ve agreed in principle to buy Metro-Goldwyn-Mayer Inc., the movie studio controlled by billionaire Kirk Kerkorian, for $12 a share, or about $2.
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THE billionaire media mogul Rupert Murdoch has offered to buy a three-storey penthouse in Manhattan for a record $44 million (Â£21.6 million).
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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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Australian property group Investa agrees to be bought by US investment giant Morgan Stanley for $3.9bn.
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Hollywood studios are expected to take record box office figures this year, beating 2002's $9.3 billion.
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An Australian investment fund will spend more than $3 billion buying into the broadcast operations of UK communications company NTL Incorporated.
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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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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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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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Sony Corp said Thursday that it had agreed to sell its production facilities for the powerful computer chip at the heart of its struggling PlayStation 3 game console to rival Toshiba Corp.
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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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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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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 : A group led by Japan&#39;s Sony Corp. struck an agreement in principle to acquire Hollywood&#39;s Metro-Goldwyn-Mayer studio, a source close to the deal said after Time Warner dropped its offer.