Sony Moves a Step Closer to Purchase of Mgm

Summary


LOS ANGELES (AP) - Sony Corp. is a step closer to acquiring famed Hollywood studio Metro-Goldwyn-Mayer Inc. in a $3 billion deal that would give it a considerable library of more than 4,100 titles.

The sale would mark the third time billionaire investor Kirk Kerkorian has sold MGM, one of Hollywood's most storied names.

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Extract


Sony Moves a Step Closer to Purchase of Mgm

Under the proposed deal announced Monday, Sony has agre...

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