From www.comingsoon.net:
Sony, which owns Sony Pictures (Columbia, Screen Gems, Sony Classics) is in advanced talks to buy MGM with two buyout firms in a deal that could be worth close to $5 billion.
The buyout firms, which include Texas Pacific Group and Providence Equity Partners, are in discussions with billionaire financier Kirk Kerkorian to buy his stake of more than 70 percent in MGM. Current talks involve the three partners splitting a $1.5 billion cash payment and borrowing the rest to finance the deal.