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AMZN - Amazon: The Brilliance Behind The MGM Purchase As Its Offensive And Defensive
Amazon.com Inc.
Amazon just strengthened its position by taking a chess piece off the table while dealing a blow to its competitors leaving one less major media company to be acquired.
$8.45 billion is a drop in the bucket for Amazon as they can write a check and replenish the cash on its balance sheet with Q2 net income.
MGM provides Amazon with a treasure trove of I.P. and content while enhancing Prime, while providing new sources of revenue.