Amazon in Talks to Buy MGM for as Much as $10 Billion

Amazon in Talks to Buy MGM for as Much as $10 Billion
In the latest round of merger mania, Amazon is in talks to buy the studio MGM, according to report in The Information on Monday.

Citing a person familiar with the situation, The Information reported the deal could be anywhere between $7 and $10 billion.

If a sale were to happen, it would represent Amazon’s biggest play in the content game after years of speculation that the retail giant was in the market for acquisitions. In December, MGM hired Morgan Stanley and LionTree LLC to launch a formal sale process.

Reps for both MGM and Amazon declined to comment on what each company described as “rumors and speculation.”

The storied studio has a rich library of movies and TV shows that could be attractive to both other studios and streaming services. In addition to the James Bond and “Rocky” franchises,” MGM produces TV hits such as “The Handmaid’s Tale” and “Vikings.” The
See full article at The Wrap »

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