Amazon will acquire MGM for $8. 5B in tech giant’s second-largest deal to boost Bezos’ media empire
Published
May 26 2021 at 1:37 PM GMT
Key
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Points
- It’s official: Amazon will buy MGM for $8.45 billion.
- The Seattle tech giant on Wednesday announced the deal, which would be its second-largest acquisition behind the $13.7 billion purchase of Whole Foods in 2017.
- The deal is subject to regulatory approval and comes as Amazon faces more antitrust scrutiny.
- Earlier reports of the deal already drew scrutiny from lawmakers.
- Purchasing the historic Hollywood studio will be a major boon to Amazon’s growing media arm.
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- Published May 26, 2021 1:37 PM GMT