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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 · Why Amazon buying MGM is a watershed moment for Hollywood and tech. ... following its $13.7-billion acquisition of Whole Foods in 2017. ... Amazon, with a market capitalization of $1.6 trillion ...

2. www.newsweek.com › amazons-845b-purchase-mgm-moreAmazon's $8.45B MGM Purchase More Than Half the Cost to Buy ...

   www.newsweek.com › amazons-845b-purchase-mgm-more

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   May 26, 2021 · Amazon has purchased MGM studios for $8.45 billion in hopes of adding more TV shows and movies to its streaming service. This is Amazon 's second-largest acquisition, after it bought Whole Foods ...

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4. www.ft.com › content › a796bb0e-bb92-4ac2-9bac-77f75Amazon agrees deal to buy MGM for $8.45bn - Financial Times

   www.ft.com › content › a796bb0e-bb92-4ac2-9bac-77f75

   May 26, 2021 · The MGM deal is Amazon’s largest since the $13.7bn purchase of Whole Foods in 2017, and the latest signal that it is willing to spend heavily on content for its streaming services.

5. www.bbc.com › news › business-57249849Amazon buys Hollywood studio MGM for $8.45bn - BBC

   www.bbc.com › news › business-57249849

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   May 26, 2021 · Amazon has agreed to buy the historic MGM studios for $8.45bn (£5.97bn). ... The acquisition marks Amazon's second-biggest after it bought upmarket grocery chain Whole Foods Market for $13.7bn in ...

6. 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 · But Jeff Bezos, Amazon’s founder and chief executive, is known as a conservative buyer. The purchase of Whole Foods for $13.4 billion in 2017 was the biggest acquisition in Amazon’s history ...

7. www.npr.org › 2021/05/27 › 1000780680Amazon Buys MGM's Hollywood Studio. What It Means For Film ...

   www.npr.org › 2021/05/27 › 1000780680

   May 27, 2021 · Amazon said yesterday it will acquire the Hollywood studio MGM for more than $8 billion. Now, when you're Amazon, that's not even that much money, but it's the latest big acquisition for the ...

8. People also ask

   Why is Amazon buying MGM vs Whole Foods?

   • The MGM deal is Amazon’s largest since the $13.7bn purchase of Whole Foods in 2017, and the latest signal that it is willing to spend heavily on content for its streaming services. Earlier this year the company signed an agreement worth around $1bn per year to stream the NFL, one of several recent sporting rights acquisitions.

   Amazon agrees deal to buy MGM for $8.45bn - Financial Times

   www.ft.com/content/a796bb0e-bb92-4ac2-9bac-77f75e8b40c8

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   Will Amazon buy MGM?

   • Amazon has agreed to buy the historic MGM studios for $8.45bn (£5.97bn). MGM is one of Hollywood's most famous studios, having produced classic films such as Some Like It Hot and Singin' In The Rain. The sale will give the tech giant's Prime streaming service access to a huge back catalogue of content.

   Amazon buys Hollywood studio MGM for $8.45bn - BBC

   www.bbc.com/news/business-57249849

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   Can Amazon Buy Whole Foods?

   • 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. The purchase of Whole Foods for $13.4 billion in 2017 was the biggest acquisition in Amazon’s history.

   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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   Why did Amazon Buy Whole Foods Market?

   • The acquisition marks Amazon's second-biggest after it bought upmarket grocery chain Whole Foods Market for $13.7bn in 2017. The move gives the US tech giant the chance to expand the library of movies available on its streaming service.

   Amazon buys Hollywood studio MGM for $8.45bn - BBC

   www.bbc.com/news/business-57249849

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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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   Will MGM & Netflix compete in the streaming race?

   • The combined group hopes to compete with Disney, Netflix and Amazon in the streaming race. The MGM deal is Amazon’s largest since the $13.7bn purchase of Whole Foods in 2017, and the latest signal that it is willing to spend heavily on content for its streaming services.

   Amazon agrees deal to buy MGM for $8.45bn - Financial Times

   www.ft.com/content/a796bb0e-bb92-4ac2-9bac-77f75e8b40c8

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9. www.ft.com › content › e13b8ce0-fe99/4143/99cd-af59aAmazon closes $8.45bn deal to acquire film studio MGM

   www.ft.com › content › e13b8ce0-fe99/4143/99cd-af59a

   Mar 17, 2022 · The $8.45bn acquisition, which includes debt, is Amazon’s largest ever in the media space and its biggest of any kind since the $13.7bn purchase of Whole Foods in 2017.