a) Please discuss the importance of getting financing plans ready in LBO transactions for the acquirer. b) What are the major challenges do you believe that Sony faces after buying the MGM? How should Sony meet these challenges? c) In what way do you believe that Sonys 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. d) How did Time Warners entry into the bidding affect pace of the negotiations and the relative bargaining power of MGM, Time Warner, and the Sony consortium? e) Sonys major business used to focus on consumer electronics, but the management then decided to purchase aggressively the culture contents like music, movies, and games. What is the managements motivations behind this movement? If diversifying harms firm value and it is more efficient to make diversification at the investor(shareholder) level, why do you think the management still choose to make diversified acquisitions? f) What do you believe were the major factors persuading the MGM board to accept the Revised Sony bid?