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Amazon Deal to Acquire MGM to Come as Soon as Tuesday

  • E-commerce giant is poised to pay nearly $9 billion for studio
  • Talks between the two companies were first reported last week
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Amazon’s Purchase of MGM Could Come as Soon as Tuesday
Updated on 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.