Metro-Goldwyn-Mayer
In 1981 MGM's major stockholder, Kirk Kerkorian bought United Artists. In 1983 MGM and United Artists merged as MGM/UA Entertainment. On August 7, 1985, Turner Broadcasting System announced that they would buy MGM/UA. Turner saw the value of acquiring pre-May 1986 MGM's film library for his superstation WTBS. Under the terms of the deal, Turner would immediately sell MGM's United Artists back to Kerkorian. As a result of the MGM split from Turner, both MGM and UA became merely brands of MGM/UA Communications Co. in late 1986.