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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…
