The September 23rd "New Deals" column of the New York Law Journal wrote that "Kirk Kerkorian, controlling shareholder of Metro-Goldwyn-Mayer Inc., said Sept. 13 he would sell MGM to a consortium led by Sony Corporation of America. The group outbid Time Warner with an offer of $4.84 billion. New York-based Sony will acquire a library with more than 4,000 movies, adding to its 2,500 films and 10,000 TC shows. Santa Monica, Calif.-based MGM makes about $400 million a year from its film library....Fried, Frank, Harris, Shriver & Jacobson [LLP] represented Mr. Kerkorian. The partners were Warren S. de Wied, Jeffrey Bagner, Robert Cassanos, Lisa A. Levy, William McGuinness and Matthew Gluck."