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 ...