Sony-Led Group to Buy MGM in $2.9B Deal
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The agreement to aquire the venerable Hollywood studio and its valuable film library was reached after Time Warner Inc. dropped out of the bidding.
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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 Sept. 13, 2004 - A consortium led by Sony Corp. has agreed in principle to acquire famed Hollywood studio Metro-Goldwyn-Mayer Inc.
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Univision Communications Inc.   said on Monday a group including Madison Dearborn Partners,  Providence Equity Partners, Texas Pacific Group, Thomas H. Lee  Partners and Saban Capital Group had agreed to acquire the  company for &#36;36.25 per share in cash.
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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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Metro-Goldwyn-Mayer, Hollywood's last major independent, is set to accept a Sony offer worth $5bn.
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NEW YORK - A group of investors led by Sony Corp has agreed to buy Metro-Goldwyn-Mayer Inc for nearly $5 billion, US news reports said Monday.
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Arts and crafts retailer Michaels  Stores Inc.  said on Friday it agreed to be bought by  two private equity groups for more than &#36;6 billion in a deal  that attracted many of the world&#039;s largest buyout firms.
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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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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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Under a definitive agreement reached Thursday by Metro-Goldwyn-Mayer Inc. and a consortium led by Sony Corporation of America, MGM will continue to operate as a private movie-making company
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Metro-Goldwyn-Mayer Inc. MGM.N  has restricted its employees' ability to trade shares in the  company, and could announce as early as next week a deal to be  acquired for up to $5 billion, sources close to the company and  its talks with possible bidders said on Tuesday.
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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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Casino operator Penn National Gaming Inc.  has agreed to be acquired in a deal worth $8.9 billion, including $2.8 billion in assumed debt, the company said on Friday.
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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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A consortium led by Sony Corp. of America that includes Comcast Corp. has entered into a definitive agreement to acquire Metro-Goldwyn Mayer Inc.
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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.