Amazon to buy Metro-Goldwyn-Mayer for $9 billion

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According to Variety, Amazon is ready to buy MGM and the only thing left is for the owners of MGM to agree to reach a bargain. The reports further stated that Amazon is ready to offer a huge sum of $9 billion for the company.

 Amazon to buy Metro-Goldwyn-Mayer for $9 billion
Amazon to buy Metro-Goldwyn-Mayer for $9 billion

Long before Amazon, Netflix CBS, and other movie streaming platforms came to being MGM has long been dominating for decades. Some of the most popular movies in history are from MGM. MGM are the owners of movies like James Bond, Stargate, Robocop and so many other popular movies, they even own the network Epix. 

The information also stated that Amazon was in talks to make a deal with MGM for about $7 to $10 billion and that MGM has been hoping to get a deal of 9$ billion dollars. MGM owns more than 4,000 titles from the past till now which is why this will be a major win for Amazon if they are able to make a deal. 

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