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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