In 1967, United Artists was bought by Transamerica Corporation. In 1981, Metro-Goldwyn-Mayer and United Artists merged to form MGM/UA Entertainment Co.. In 1985, Turner Broadcasting System announced it would buy MGM/UA. Then in 1986, MGM split from Turner (while keeping MGM's library of pre-May 1986 films, television and cartoons to make way for Turner Entertainment Co.) and renamed to MGM/UA Communications Co.. In 1990, MGM/UA was bought out by Pathé and renamed to MGM-Pathé Communications. In 1992, MGM-Pathé was bought by Crédit Lyonnais and reverted to Metro-Goldwyn-Mayer. In 1997, MGM was sold to Tracinda Corporation. In 2005, MGM/UA formed the new company MGM Holdings.