Skip to content

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
Video player cover image
Amazon’s Purchase of MGM Could Come as Soon as Tuesday
Updated on

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.