Wa-pedia Home > Japan Forum & Europe Forum
Results 1 to 4 of 4

Thread: Sony-led group to buy MGM for $5 billion

Hybrid View

Previous Post Previous Post   Next Post Next Post
  1. #1
    Twirling dragon Maciamo's Avatar
    Join Date
    Jul 17, 2002

    Arrow Sony-led group to buy MGM for $5 billion

    Sony-led group to buy MGM for $5 billion

    LOS ANGELES (AP) A consortium led by Sony has agreed in principle to acquire famed Hollywood studio Metro-Goldwyn-Mayer for nearly $5 billion, MGM said.
    Sony was already owner of Columbia Picture. Hollywood is slowly becoming Japanese...

    Acquiring MGM's vast library of more than 4,100 films boosts the content Sony can now offer on DVD and on portable devices, many of which Sony makes. Sony also announced in a statement that it has reached a distribution deal with Comcast, the nation's largest cable provider, that would allow video on demand and new cable channels featuring Sony and MGM content.
    Sony has agreed to pay $12 a share for MGM, or about $2.94 billion cash -- a 4 percent premium over MGM's closing price of $11.55 Monday on the New York Stock Exchange. The deal also calls for Sony to assume about $1.9 billion in MGM debt.

    Visit Japan for free with Wa-pedia
    See what's new on the forum ?
    Eupedia : Europe Guide & Genetics
    Maciamo & Eupedia on Twitter

    "What is the use of living, if it be not to strive for noble causes and to make this muddled world a better place for those who will live in it after we are gone?", Winston Churchill.

  2. #2
    eroticist -]5pace.pirat3]+'s Avatar
    Join Date
    Nov 23, 2004
    silicon valley


    ahh fascinating
    You Suck! :winklove:


  3. #3
    Junior Member
    Join Date
    Dec 23, 2004
    And I quote from the Movie Die Hard....

    John McClane ( Bruce Willis ):
    "I didn't realize you celebrated Christmas in Japan."
    Mr. Takagi (James Shigeta):
    "Pearl Harbor didn't work out so we got you with tape decks."

    Sony is taking over the world!

  4. #4
    Regular Member
    Join Date
    Feb 21, 2005
    The real genius here is Kirk Kirkorian. He brought MGM for peanuts and is now selling for a mint.

Similar Threads

  1. What's your blood group ?
    By Maciamo in forum All Things Japanese
    Replies: 209
    Last Post: Apr 5, 2016, 07:47
  2. Replies: 2
    Last Post: Dec 14, 2006, 06:51
  3. China to vaccinate 14 billion poultry
    By Maciamo in forum Nature & Environment
    Replies: 1
    Last Post: Nov 17, 2005, 02:36
  4. Sony didn't invent the walkman - a German did
    By Maciamo in forum Science & Technology
    Replies: 10
    Last Post: Nov 17, 2004, 02:21

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts