Feature

Sony buys MGM

I just read an online BBC News article entitled "Sony completes MGM takeover bid"

The article begins with the following:

The sale of Hollywood studio Metro-Goldwyn-Mayer to Japan's Sony Corporation has been completed.

Sony paid around $2.9bn (£1.5bn) cash for the studio, and also assumed MGM debts of around $1.9bn (£1bn).

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