Amazon Nears Purchase Of MGM Studios For Approximately $9 Billion

Amazon is in talks to acquire MGM Studios for $9 billion, which would be one of its largest acquisitions since buying Whole Foods in 2017. This move is part of Amazon's strategy to expand its entertainment offerings, including a costly Lord of the Rings series. However, the acquisition raises antitrust concerns, with critics warning about big tech's growing dominance. The deal could lead to more content for Amazon Prime Video and potentially increase Amazon's customer base.

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