MGM weighing acquisition comes as no surprise. Word broke in the fall that the studio was preparing for a sale, and came after months of rumors and speculation that Apple could make a bid as it pours billions into its fledgling streaming service.
But it turns out its another tech player could win MGM. The Information first reported the MGM-Amazon negotiations.
This comes on the same day that AT&T announced it would merge Warner Media with Discovery and spin off the new company in a $43 billion deal that bring together the likes of CNN, HBO, Warner Bros., HGTV, OWN Network, and Animal Planet.
MGM has changed hands numerous times over its nearly century-long history. Its current iteration is a far cry