Sony’s long-term vision has been to create synergy between its consumer electronics products business and its music, movies, and games. On September 14, 2004, a consortium consisting of Sony Corporation of America, Providence Equity Partners, Texas Pacific Group, and DLJ Merchant Banking Partners agreed to acquire MGM for $4.8 billion. In what way do you believe that Sony’s objectives might differ from those of the private equity investors making up the remainder of the consortium? How might such differences affect the management of MGM? Identify possible short-term and long-term effects.