May 18, 2021 - Economy & Business
Amazon reportedly in talks to acquire MGM Holdings
Amazon is reportedly in talks to acquire MGM Holdings, the legendary Hollywood studio, according to The Information. The deal could cost between $7 billion and $10 billion.
Why it matters: This would be Amazon's biggest move yet into entertainment.
- "Amazon's interest in MGM comes as traditional Hollywood is undergoing a new round of consolidation, with Discovery's deal to acquire WarnerMedia from AT&T, as entertainment companies try to get more scale so they can better compete with Netflix and Disney," the Information's Jessica Toonkel and Nick Wingfield report.