Amazon is in talks to buy Metro-Goldwyn-Mayer for $ 9 billion

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Amazon is in talks to buy Metro-Goldwyn-Mayer for $ 9 billion

25.05.2021 News

Amazon seems to be looking for a new strong factor for its growth. On Monday, the media wrote about its talks with MGM Holdings, the holding company that owns the 100-year-old film studio Metro-Goldwyn-Mayer.

Shares of Amazon jumped 1.47% at the close of trading on the NASDAQ on Monday, continuing to rise in non-trading time.

According to Variety, the talks are led by senior vice president of Amazon Studios and Prime Video, Mike Hopkins and chairman of MGM Kevin Ulrich.

Sources cite a potential deal of $ 9 billion, according to earlier rumors: between $ 7 billion and $ 10 billion, Amazon and MGM declined to comment on the report.

Metro-Goldwyn-Mayer has long been considered an acquisition and last December said it was looking for a buyer and hired consultants to collect offers.

The legendary film studio has one of the largest libraries of movies and TV series in the world, licensed to show Netflix and other streaming services.

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