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Amazon Deal to Buy MGM Is Said to Come as Soon as Tuesday (2)

May 24, 2021, 9:23 PM

Amazon.com Inc. is poised to announce an acquisition of the Metro-Goldwyn-Mayer movie studio as soon as Tuesday, according to a person familiar with the matter, marking the e-commerce giant’s biggest push yet into Hollywood.

Amazon is in talks to pay almost $9 billion for the business, said the person, who asked not to be identified because the deliberations are private. The discussions -- first reported last week -- could still fall apart, and it’s possible that the price or timing changes.

LISTEN: Bloomberg’s Liana Baker discusses a possible deal with Tom Keene and Paul Sweeney on Bloomberg Radio.

The agreement would bring a vast library of movies and shows to Amazon, which operates the Prime Video ...

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