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May 18, 2021

Amazon is in talks to acquire MGM for $9B.
MGM, the film production company, has been up for sale since December 2020 and $9B was the amount that MGM was reportedly hoping to get. The Guardian reported that MGM has a library of 4,000 films and 17,000 hours of TV (including James Bond, The Handmaid’s Tale, Rocky, Stargate, Robocop, Legally Blonde, and Vikings). James Bond alone is one of the most valuable film franchises ever made. Link

Update: Amazon acquires MGM Studios for $8.45B, its second-largest acquisition since it paid $13.7B for Whole Foods in 2017 - Link

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