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Sony: Still in Negotiations to Buy MGM

TOKYO (Reuters) - Japanese electronics and entertainment conglomerate Sony Corp said on Wednesday it was still in talks to buy the Metro-Goldwyn-Mayer Inc. film studio, which is also talking to Time Warner Inc. Sony’s chief financial officer, Katsumi Ihara, said in a speech to investors in Tokyo that he could not go into details but that talks were continuing, a Sony spokesman who was present said. [More]


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