Friday, 24 March, 2023

Amazon closing in on the $9 bn MGM deal

<p>MGM is close to being sold to Amazon at a price tag of $9 bn, the value of the deal could be finalised earliest this week. The acquisition will help Amazon&rsquo;s streaming services to add the catalog of 4,000 films including famous characters like Pink Panther and franchises like James Bond. After buying Whole Foods in 2017 for $13.4 bn, MGM would be Amazon&#39;s second-highest buy to date. Apple and Comcast, earlier, had evaluated MGM at $ 6bn earlier.</p> <p>&nbsp;</p>