Amazon in talks to buy MGM for $9 billion

Amazon is in talks to buy film giant MGM (Metro Goldwyn Mayer). If these talks do pan out, Amazon could come to own a historic catalogue of films dating back many decades along with an array of production and distribution companies, and content network Epix. The company has reportedly offered $9 billion for MGM, as reported by Variety.

The Information suggested earlier that a range of $7 billion to $10 billion was being considered for a potential deal. Variety has reported that $9 billion is the amount that MGM is hoping to get.

MGM has been up for sale since December 2020 and given the “jealousy that comes with the sudden impending existence of a new media giant” as AT&T combines WarnerMedia with Discovery,