Sony-Led Group to Acquire MGM for $3B
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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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A Sony-led group has a deal in principle to buy Metro-Goldwyn-Mayer for about $2.94 billion in cash and $1.95 billion in assumed debt, MGM (MGM) announced Monday evening.
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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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LOS ANGELES - Hollywood film studio Metro-Goldwyn-Mayer is to be bought for about US$2.85 billion ($4.4 billion) by a group headed by Sony of America.
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The unit was sold for $10.3 billion to a group of private equity firms that will take an equal stake in the company.
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An investment firm owned by the government of Dubai says it has bought a "substantial stake" in Sony.
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Sony Corp. is banking on the &#36;3 billion deal to acquire Hollywood studio Metro-Goldwyn-Mayer Inc. to boost lagging profits by exploiting potential link ups between its electronics and entertainment businesses.
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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 &#36;2.85 billion plus debt, giving it MGM's film library to exploit in DVD and newer digital media markets.
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The payoff for Macrovision in its having acquired the online and print publisher of TV Guide's regular schedules, appears to have been swift and immediate with a deal that puts Macrovision equipment into Sony displays.
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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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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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[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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A group led by Sony of America reached a tentative agreement to buy Metro-Goldwyn-Mayer for about $4.8 billion in cash, taking it from Time Warner at the 11th hour.
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Sony Corp. and several financial partners have agreed in principle to acquire movie studio Metro-Goldwyn-Mayer for about $2.94 billion in cash, sources familiar with the talks said Monday.
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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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TOKYO - Sony Corp. is banking on the $3 billion deal to acquire Hollywood studio Metro-Goldwyn-Mayer Inc...
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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.