Amazon Closes $8.5 Billion Acquisition of MGM
Amazon Closes $8.5 Billion Acquisition of MGM
Amazon has closed its $8.5 billion acquisition of MGM, the companies said Thursday. The pact was first announced in May and has been winding its way through the regulatory process. Per Amazon, R…
variety.com
Amazon has closed its $8.5 billion acquisition of MGM, the companies said Thursday.Amazon Closes $8.5 Billion Acquisition of MGM
Amazon has closed its $8.5 billion acquisition of MGM, the companies said Thursday. The pact was first announced in May and has been winding its way through the regulatory process. Per Amazon, R…
variety.com
The pact was first announced in May and has been winding its way through the regulatory process. Per Amazon, “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.”
The completion of the transaction comes two days after the Amazon-MGM deal received clearance from the European Union’s antitrust regulator, which “unconditionally” approved Amazon’s proposed acquisition of MGM, in part because “MGM’s content cannot be considered as must-have.” The European Commission, in its antitrust review, found that the overlaps between the Amazon and MGM businesses are “limited.”