Amazon in talks to buy MGM movie studio

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 Amazon is in talks with MGM to acquire U.S iconic MGM Movie studio. This is reported on 17-05-2021. Both Amazon and MGM have denied this trade talk. Both of them have not commented on this topic. Amazon has said, “doesn't comment on rumours or speculation".

It was reported the deal will close around 7$-10$ billion. MGM is hoping to get 9$billion.

MGM has made movies like “James Bond” and they have an Epix cable channel. MGM has made many popular TV shows like The Handmaid Tale, Fargo, Vikings, and Shark Tank.

Last year in December Reuters reported MGM studio is expected to sell and contacted investment bank Morgan Stanley and LionTree LLC to start the formal sale process.





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