News
Erik Gruenwedel
May 24, 2021
Amazon’s reported $9 billion interest in MGM Holdings is reportedly set to happen as early as this week. The Wall Street Journal, citing sources familiar with the situation, reported the deal, which would jumpstart Amazon’s movie and TV show ambitions, would be the e-commerce retailer’s second-largest purchase following the $13.7 billion agreement to buy Whole Foods in 2017.
MGM, which is owned by private-equity group Anchorage Capital, has been on the sales block since last year — enticing would-be buyers with a 4,000-movie catalog that includes the “James Bond,” “Rocky,” “RoboCop,” “Pink Panther,” “Tomb Raider,” “Chucky” and “Legally Blonde” franchises, among others, in addition to TV show productions.
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