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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 · The deal, subject to regulatory approval, would be the Seattle online retail giant’s second-largest purchase ever, following its $13.7-billion acquisition of Whole Foods in 2017.

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...

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4. www.vox.com › recode › 22451787Why Amazon is buying MGM holdings and James Bond for $8.45 ...

   www.vox.com › recode › 22451787

   Mar 17, 2022 · So: Amazon is betting billions — if the deal goes through, it will be the company’s second-biggest purchase, after it paid $13 billion for Whole Foods — on a Hollywood acquisition that might...

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 · 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...

6. 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.

7. 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 · Amazon has closed its deal to acquire film studio MGM after US and European competition regulators declined to block the move, despite growing concern over the ecommerce giant’s size.

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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   Why did Amazon pay more for the Whole Foods deal?

   • The Whole Foods deal was a major strategic change for the company, pushing it into new markets of groceries and physical stores, which it had largely avoided. 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.

   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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   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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   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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   Are MGM & Amazon working together?

   • “We welcome MGM employees, creators and talent to Prime Video and Amazon Studios, and we look forward to working together to create even more opportunities to deliver quality storytelling to our customers,” said Mike Hopkins, senior vice-president of Prime Video and Amazon Studios, in a blog post published on Thursday morning.

   Amazon closes $8.45bn deal to acquire film studio MGM | Financial Times

   www.ft.com/content/e13b8ce0-fe99-4143-99cd-af59a30bf0cf

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9. 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 · The purchase of Whole Foods for $13.4 billion in 2017 was the biggest acquisition in Amazon’s history. Its next-largest deals — until MGM — were for Zappos ($1.2 billion, 2009) and the...