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Sony makes $5 billion bid for MGM

Sony makes $5 billion bid for MGM. The company would probably merge MGM with Sony Pictures

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Sony may soon acquire a license to kill. The company is in talks to buy MGM, home of the James Bond franchise, among other properties, according to the Associated Press. Sony most likely plans to merge MGM with its Sony Pictures if the deal — valued at $5 billion — goes through, AP reported.

Despite hits including ”Barbershop” and ”Legally Blonde,” MGM has struggled in recent years. In buying MGM, Sony would acquire its massive film library, which includes the ”Pink Panther,” ”Rocky,” and Bond movies, among other classics. No word on whether the studio’s pet lion costs extra.