Sony-Led Group to Buy MGM in &#36;5B Deal
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A consortium led by Sony Corp. that includes cable television giant Comcast Corp. has entered into a definitive agreement to acquire venerable film studio Metro-Goldyn-Mayer, the parties said Thursday.
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The company struck a deal to acquire BlueLithium, the fifth-largest online advertising network, for $300 million.
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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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Arts and crafts retailer Michaels  Stores Inc.  on Friday agreed to sell itself to two  private equity groups for more than &#36;6 billion in a deal that  attracted many of the world&#039;s biggest buyout firms.
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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.
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After months of heated wrangling and public speculation, a consortium led by Sony Corp. signed a definitive deal Thursday to buy the famous Hollywood studio Metro-Goldwyn-Mayer (MGM).
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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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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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The Japanese electronics giant struck an agreement to buy the fabled movie studio yesterday after rival Time Warner dropped out of the race.
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NEW YORK (Kyodo) A group of investors led by Sony Corp. said Thursday it has finalized a $4.9 billion acquisition deal with Hollywood film studio Metro-Goldwyn-Mayer Inc.
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A group headed by Sony Corp.  6758.T agreed in principle to buy Hollywood film studio  Metro-Goldwyn-Mayer MGM.N for nearly $5 billion on Monday,  sources close to the deal said.
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Video rental giant Hollywood Entertainment Corp. has agreed to a buyout offer of nearly &#36;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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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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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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TXU Corp.  said it agreed to be acquired  by a group led by private equity firms Kohlberg Kravis Roberts  & Co.  and Texas Pacific Group  for about $45  billion including debt.
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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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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.