MGM stockholders approve Sony merger

Metro-Goldwyn-Mayer Inc., together with a consortium comprised of Sony Corporation of America, Providence Equity Partners, Texas Pacific Group, Comcast Corporation and DLJ Merchant Banking Partners, announced today that the Agreement and Plan of Merger between MGM and LOC Acquisition Company, which was formed by the consortium, was adopted by MGM's stockholders at a special meeting held on December 17, 2004.

Consummation of the merger remains subject to clearance under the European Commission's merger control regulations, the financing necessary to complete the proposed acquisition being consummated and other closing conditions contained in the Agreement and Plan of Merger.

Click here for futher information on the MGM merger and how if affects James Bond 21.

Thanks to `JP` for the alert.

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