Hollywood giant MGM puts itself up for sale at $5bn

Studio behind James Bond franchise looks to cash in on rocketing prices for content amid TV streaming boom

MGM, the Hollywood studio behind the James Bond and Rocky franchises, is up for sale with a price-tag of more than $5bn (£3.75bn).

The studio has explored selling several times over the last few years, most recently in January when preliminary talks were held with Netflix and Apple among others, but price proved to be a stumbling block.

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