Amazon Closes $8.5B MGM Acquisition

Amazon has closed its $8.5 billion acquisition of MGM, officially bringing the film and TV studio into its fold. The landmark deal was first announced last May, with the company citing MGM’s vast library as driving the purchase. “With the talent at MGM and the talent at Amazon Studios, we can reimagine and develop that IP for the 21st century,” Amazon founder Jeff Bezos said after the purchase was announced.
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