Friday, 24 March, 2023

Amazon plans to purchase MGM for $9 bn

<p>Amazon is negotiating a deal to buy US film giants MGM for $9bn. The potential range of the deal could be between $7bn to $10bn is being considered but MGM is confident to get it done in &nbsp;$9bn, said reports. MGM comes with its catalog of 4,000 films and 17,000 hours of TV content going back decades with a chain of production and distribution companies, and content network Epix. Earlier, in December 2020, MGM was up for sale at a $5 bn price tag.<br /> &nbsp;</p> <p>&nbsp;</p>