James Bond has a new home.Amazon and MGM announced that they have entered into a definitive merger agreement under which Amazon will acquire MGM for a purchase price of $8.45 billion.MGM has nearly a century of filmmaking history and complements Amazon Studios, which has primarily focused on producing TV programming, the companies said.
Amazon will help “preserve MGM’s heritage and catalog of films,” and provide customers with greater access to these existing works, the companies said.The MGM deal is Amazon’s second-largest acquisition, behind its $13.7 billion purchase of Whole Foods in 2017.
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