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Metro Goldwyn Mayer

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Amazon Acquires MGM for $8.45 Billion
May 27th, 2021 - 06:00 GMT

Amazon Acquires MGM for $8.45 Billion

Amazon announced on Wednesday that it has entered into a definitive merger agreement to acquire American media company Metro-Goldwyn-Mayer (MGM) for $8.45 billion. The US e-commerce firm wants to benefit from MGM’s filmmaking expertise and catalog of 4,000 films and 17,000 television shows, including James Bond, Fargo, and Vikings, to support its movie and television division, it said in a statement. As the video streaming business has become more competitive ...
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