MUMBAI: US Electronics goods manufacturer giant Sony Corporation has asked for a two-week extension on their exclusive acquisition talks with Metro-Goldwyn-Mayer Inc. (MGM).

The parties have been negotiating for around three weeks on a deal, on Sony Corp's film studio acquiring MGM, valued at $5 billion. The talks were set to expire on Thursday 27 May.

Sony's bid values MGM at just over $12 per share. But media reports have quoted industry sources as saying the quoted sum was not a major roadblock.