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http://money.cnn.com/2010/11/03/news/companies/MGM_bankruptcy/

:surprised


MGM has also agreed to a deal with Carl Icahn, one of its largest shareholders, in exchange for the billionaire investor's support in its restructuring. Icahn had previously pushed for MGM to merge with another studio, Lions Gate Entertainment.

In a prepared statement, MGM executives said the studio "is emerging from one of the most challenging periods of its storied history."

The company said it expects to raise $500 million after emerging from bankruptcy to finance projects including the production of films and TV series.
 
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