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1. www.latimes.com › entertainment-arts › businessWhy Amazon is buying MGM for nearly $9 billion - Los Angeles ...

   www.latimes.com › entertainment-arts › business

   May 26, 2021 · and Wendy Lee. May 26, 2021 Updated 12:43 PM PT. After years of speculation about the merging of Big Tech and Hollywood, Amazon.com Inc. said Wednesday that it is acquiring Metro-Goldwyn-Mayer ...

2. press.aboutamazon.com › 2021 › 5Amazon and MGM have signed an agreement for Amazon to acquire MGM

   press.aboutamazon.com › 2021 › 5

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   May 26, 2021 · SEATTLE & BEVERLY HILLS, Calif.-- (BUSINESS WIRE)--May 26, 2021-- Amazon (NASDAQ: AMZN) and MGM today announced that they have entered into a definitive merger agreement under which Amazon will acquire MGM for a purchase price of $8.45 billion. MGM has nearly a century of filmmaking history and complements the work of Amazon Studios, which has ...

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4. www.nytimes.com › 2021/05/26 › businessJames Bond, Meet Jeff Bezos: Amazon Makes $8.45 Billion Deal ...

   www.nytimes.com › 2021/05/26 › business

   May 26, 2021 · For starters, it can. The company has $71 billion in cash and a market capitalization of $1.64 trillion. But Jeff Bezos, Amazon’s founder and chief executive, is known as a conservative buyer ...

5. www.businesswire.com › news › homeAmazon and MGM have signed an agreement for Amazon to acquire MGM

   www.businesswire.com › news › home

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   May 26, 2021 · Metro Goldwyn Mayer’s vast library has over 4,000 beloved film titles, including 12 Angry Men, Basic Instinct, Creed, James Bond, Legally Blonde, Moonstruck, Poltergeist, Raging Bull, Robocop ...

6. www.esquire.com › entertainment › moviesWhat Amazon's Purchase of MGM Means for James Bond - Esquire

   www.esquire.com › entertainment › movies

   Jun 1, 2021 · Say goodbye to the studio era and hello to the streaming conglomerate era. In a blockbuster business deal, Amazon has purchased Metro-Goldwyn-Mayer (MGM), the storied Hollywood studio that gave us ...

   • Email: awestenfeld@hearst.com

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7. www.investors.com › news › technologyAmazon Stock: MGM Deal Gives Big Boost To Lucrative Prime ...

   www.investors.com › news › technology

   May 26, 2021 · 04:07 PM ET 05/26/2021. Amazon (AMZN) announced Wednesday it is acquiring iconic film studio Metro-Goldwyn-Mayer for $8.45 billion, a move that the e-commerce giant hopes will expand its position ...

8. People also ask

   Will Amazon buy MGM?

   • SEATTLE & BEVERLY HILLS, Calif.-- ( BUSINESS WIRE )--Amazon (NASDAQ: AMZN) and MGM today announced that they have entered into a definitive merger agreement under which Amazon will acquire MGM for a purchase price of $8.45 billion.

   Amazon and MGM have signed an agreement for Amazon to acquire M…

   www.businesswire.com/news/home/20210526005648/en/Amazon-and-MGM-have-signed-an-agreement-for-Amazon-to-acquire-MGM

   See all results for this question

   Why did Amazon buy Metro-Goldwyn-Mayer?

   • Amazon ( AMZN) announced Wednesday it is acquiring iconic film studio Metro-Goldwyn-Mayer for $8.45 billion, a move that the e-commerce giant hopes will expand its position in streaming video and increase the value of its Prime rewards program. Amazon stock edged up.

   Amazon Stock: MGM Deal Gives Big Boost To Lucrative Prime

   www.investors.com/news/technology/amazon-stock-mgm-deal-gives-boost-tolucrative-prime/

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   Why is Amazon partnering with MGM?

   • MGM has nearly a century of filmmaking history and complements the work of Amazon Studios, which has primarily focused on producing TV show programming. Amazon will help preserve MGM’s heritage and catalog of films, and provide customers with greater access to these existing works.

   Amazon and MGM have signed an agreement for Amazon to acquire M…

   press.aboutamazon.com/2021/5/amazon-and-mgm-have-signed-an-agreement-for-amazon-to-acquire-mgm

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   Why did Amazon pay more for MGM?

   • MGM is more about augmenting a current strategy: Amazon most likely paid more than others thought MGM was worth because of its all-important Prime membership program. “If you’re Amazon, the perspective is what’s the potential for Prime membership, what is the potential for advertising,” said Brian Yarbrough, a senior analyst at Edward Jones.

   James Bond, Meet Jeff Bezos: Amazon Makes $8.45 Billion Deal for MGM

   www.nytimes.com/2021/05/26/business/amazon-MGM.html

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   Is MGM worth $9 billion?

   • Paying nearly $9 billion for MGM represents a significant step up. Hollywood executives have questioned whether MGM was worth the purchase price — valuing it closer to $6 billion. However, Amazon, with a market capitalization of $1.6 trillion, can clearly afford it.

   Why Amazon is buying MGM for nearly $9 billion - Los Angeles Times

   www.latimes.com/entertainment-arts/business/story/2021-05-26/why-amazon-buying-mgm-s-a-watershed-moment-for-hollywood-and-tech

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   What's the real value behind MGM's acquisition of Amazon?

   • The acquisition announcement came about a week after news reports revealed the negotiations. "The real financial value behind this deal is the treasure trove of IP in the deep catalog that we plan to reimagine and develop together with MGM's talented team," Mike Hopkins, senior VP of Prime Video and Amazon Studios, said in the press release.

   Amazon to buy MGM for $8 billion in major boost to Prime Video library

   arstechnica.com/information-technology/2021/05/amazon-to-buy-mgm-touts-treasure-trove-of-ip-including-james-bond/

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9. arstechnica.com › information-technology › 2021Amazon to buy MGM for $8 billion in major boost to Prime ...

   arstechnica.com › information-technology › 2021

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   May 26, 2021 · Amazon today announced a definitive agreement to buy MGM (Metro-Goldwyn-Mayer) for $8.45 billion. Amazon said that MGM's filmmaking prowess "complements the work of Amazon Studios, which has ...