Sony Still Considering MGM Deal
Sony Chief Executive Nobuyuki Idei said Wednesday the Japanese electronics and entertainment giant was seriously considering the acquisition of U.S. film studio Metro-Goldwyn-Mayer but declined to say when a decision was expected. “We will not go into an unprofitable business,” he told reporters, adding that Sony has been thinking about movie deals since the 1990s. “We are confident we will make the right decision.” Earlier this month, MGM and Sony agreed to enter talks about a possible acquisition to weigh a $5 billion bid for the legendary studio, according to sources who spoke on condition of anonymity. But Idei and… Read more »