Amazon buys MGM in USD 8.45 billion deal ANI | Updated: May 26, 2021 20:38 IST
Washington [US], May 26 (ANI): The movie studio home to the James Bond franchise, entertainment company Metro Goldwyn Mayer (MGM) and Amazon on Wednesday announced a definitive merger agreement under which Amazon will acquire MGM for USD 8.45 billion.
Originated in 1924, MGM has nearly a century of filmmaking history and complements the work of Amazon Studios, which has primarily focused on producing TV show programming, the companies said.
Amazon will help preserve MGM s heritage and catalogue of films and provide customers with greater access to these existing works, stated the companies.
MGM Studios 8 45 milyar dolara Amazon a satıldı
shiftdelete.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shiftdelete.net Daily Mail and Mail on Sunday newspapers.
Amazon asırlık film şirketi MGM′yi satın alıyor | Ekonomi | DW
dw.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dw.com Daily Mail and Mail on Sunday newspapers.
Amazon purchase latest twist in MGM saga
geo.tv - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from geo.tv Daily Mail and Mail on Sunday newspapers.
Canyon News
HOLLYWOOD- Mergers and acquisitions are usually transactions between two companies combining in some form. Although mergers and acquisitions are used interchangeably, they come with different legal meanings. In a merger, two companies of similar size combine to form a new single entity. On the other hand, an acquisition is when a larger company, thereby absorbing the business of the smaller company. Mergers and acquisitions can be friendly or hostile, depending on the approval of the target company’s board. So there you have it, a little legal jargon about M&A.
Talk about desire….Amazon whose stock is about $3,200 at press time, wants to be a bigger player in Hollywood with the acquisition of MGM, according to published reports. The report cites a person familiar with ongoing discussions between the tech giant and the historic film and television studio, but says the status of the deal is unclear. Amazon has already established itself as a mega for