Time Gains On Sony in Battle to Buy Mgm

Summary


MEDIA giant Time Warner is reportedly gaining ground on Sony in the race to buy Hollywood studio Metro-Goldwyn-Mayer.

A group led by Sony and including investors Providence Equity Partners, Texas Pacific Group and Credit Suisse First Boston has been in talks with the studio since April.

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Time Gains On Sony in Battle to Buy Mgm

It is understood that ther...

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