Amazon in talks to buy MGM movie studio


In December, Reuters reported that the movie studio was exploring a sale and had tapped investment banks Morgan Stanley and LionTree LLC and started a formal sale process.

Amazon.com Inc is in talks to acquire the iconic U.S. movie studio MGM, The Information reported on Monday, citing a person familiar with the matter.

The status of Amazon's discussions with MGM is unclear and it is possible no deal may result, the report said.

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