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.


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