Sony|NNP Corp|NNP .|. completed|VBN its|PRP$ tender|NN offer|NN for|IN Columbia|NNP Pictures|NNP Entertainment|NNP Inc.|NN ,|, with|IN Columbia|NNP shareholders|NNS tendering|VBG 99.3|CD %|NN of|IN all|DT common|JJ shares|NNS outstanding|JJ by|IN the|DT Tuesday|NNP deadline|NN .|. 

Sony|NNP Columbia|NNP Acquisition|NNP Corp|NNP .|. ,|, formed|VBN for|IN the|DT Columbia|NNP deal|NN ,|, will|MD formally|RB take|VB ownership|NN of|IN the|DT movie|NN studio|NN later|RB this|DT month|NN ,|, a|DT spokesman|NN said|VBD .|. 
Sony|NNP is|VBZ paying|VBG $27|NN a|DT share|NN ,|, or|CC $3.55|NN billion|CD ,|, cash|NN and|CC is|VBZ assuming|VBG $1.4|NN billion|CD of|IN long|JJ -|- term|NN debt|NN .|. 

Still|RB unresolved|JJ is|VBZ Sony|NNP 's|POS effort|NN to|TO hire|VB producers|NNS Jon|NNP Peters|NNP and|CC Peter|NNP Guber|NNP to|TO run|VB the|DT studio|NN .|. 
Sony|NNP 's|POS planned|VBN acquisition|NN of|IN Guber|NNP /|NN Peters|NNP Entertainment|NNP Co.|NN for|IN $200|NN million|CD is|VBZ scheduled|VBN to|TO close|VB Monday|NNP .|. 
Guber|NNP /|NN Peters|NNP has|VBZ been|VBN locked|VBN in|IN litigation|NN with|IN Warner|NNP Communications|NNP Inc.|NN in|IN an|DT attempt|NN to|TO get|VB out|IN of|IN an|DT exclusive|JJ production|NN contract|NN with|IN Warner|NNP .|. 
Both|DT sides|NNS are|VBP in|IN talks|NNS to|TO settle|VB the|DT dispute|NN .|. 

