Amazon roars with $8.45B MGM buy
Amazon roars with $8.45B MGM buy In its second-largest acquisition after Whole Foods, Amazon agreed to buy iconic Hollywood studio MGM Holdings for $8.45 billion . The move shows the new emphasis placed by the e-commerce giant on entertainment — and its budding role in the streaming wars as it bulks up Prime Video. Known for "The Pink Panther, "Rocky" and the James Bond Franchise, MGM was founded in the silent film era. Amazon was earlier sued on antitrust grounds, and the MGM deal is likely to spark federal review . Streaming giants are betting Americans will keep spending after the end of pandemic-related shutdowns — and not go back to cable.