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 ._. 

