We hear from a well-placed operative within MGM that Sony's rumored $5 billion purchase of the movie studio is a done deal. The news should be announced early next week. In the meantime, we can get back to our favorite pasttime: watching media conglomerates swallow up pieces of Hollywood in pursuit of the ever-elusive "shitergy."
- Sony-led group near purchase of MGM studio [USA Today]
- More Merger Mania: Sony Still Hearts MGM, Comcast Cools on Disney [Defamer]
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