Find Your Daily Voice
68°
Amazon Buys MGM Studios In $8.45 Billion Deal
Amazon announced it will be purchasing MGM Studios in an $8.45 billion deal.
The acquisition is Amazon's most expensive, following Whole Foods for $13.7 billion in 2017.
Amazon made the announcement on Wednesday, and emphasized it will help preserve MGM’s heritage and catalog of films, and provide customers with greater access to these existing works.
Through this acquisition, Amazon would empower MGM to continue to do what they do best: Great storytelling, the company said.
"Legally Blonde," "12 Angry Men," "Basic Instinct," "Rocky," "Thelma & Louise," "Fargo," "The Handmaid's T…
Priority Males: Feds Charge North Jersey Pair With $6M Postage Scam
The owners of a North Jersey company altered hundreds of thousands of labels intended for envelopes and slapped them on large boxes, deliberately short-changing the government by more than $6 million in postage, federal authorities said following their arrests.
Jack Koch, 44, of Elmwood Park, and Steven Koch, 43, of Pompton Lakes, were scheduled for video-conferenced first appearances before a federal magistrate judge Tuesday afternoon in Newark, U.S. Attorney Craig Carpenito said.
The elder Koch, who went by the name “Ismail Yilmaz,” and his brother, who used the alias “Selim Memis,” owned…
