Amazon aquires MGM Studios for $8.45 billion

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Amazon is expected to win unconditional EU antitrust approval for its $8.5 billion buy of U.S. movie studio MGM, people familiar with the matter said, a move that is set to ramp up competition with streaming rivals Netflix and Disney+

The European Commission, which is scheduled to decide on the deal by March 15, declined to comment.

Amazon said: "Completion of the transaction is subject to regulatory approvals and other customary closing conditions, and we’re working with regulators to respond to requests."

The Federal Trade Commission is nearing a mid-March deadline to decide on the deal, according to a source familiar with the matter.



 
Merged Successfully !!!!!!

Amazon and MGM announced that MGM has joined Prime Video and Amazon Studios. The storied, nearly century-old studio—with more than 4,000 film titles, 17,000 TV episodes, 180 Academy Awards, and 100 Emmy Awards—will complement Prime Video and Amazon Studios’ work in delivering a diverse offering of entertainment choices to customers.

 
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