MGMB - Amazon buys MGM for $8.45B

Amazon (AMZN) has reached a deal to acquire MGM  (MGMB) for $8.45B.The deal, which will bolster Amazon's Prime Video offerings, is the second largest in the tech giant's history after the $13.7B Whole Foods acquisition.“MGM has a vast catalog with more than 4,000 films—12 Angry Men, Basic Instinct, Creed, James Bond, Legally Blonde, Moonstruck, Poltergeist, Raging Bull, Robocop, Rocky, Silence of the Lambs, Stargate, Thelma & Louise, Tomb Raider, The Magnificent Seven, The Pink Panther, The Thomas Crown Affair, and many other icons—as well as 17,000 TV shows—including Fargo, The Handmaid’s Tale, and Vikings—that have collectively won more than 180 Academy Awards and 100 Emmys,” says Mike Hopkins, Senior Vice President of Prime Video and Amazon Studios. “The real financial value behind this deal is the treasure trove of IP in the deep catalog that we plan to reimagine and develop together with MGM’s talented team. It’s very exciting and provides so

For further details see:

Amazon buys MGM for $8.45B