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Sony Corp. takes over MGM
New York: The sale of film studio Metro-Goldwyn-Mayer to a consortium led by Sony Corp. of America was completed Friday, marking the end of MGM as an independent player in the entertainment industry.

The Sony-led group paid $12 a share for MGM, or about $2.94 billion cash, and assumed about $1.9 billion in MGM debt.
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domain-B : Indian business : News Review : 11 April 2005 : international business