Amazon deal to acquire MGM to come as soon as May 25

Amazon is in talks to acquire movie studio Metro-Goldwyn-Mayer for almost RM37bil, which could add a ‘mountain of content’ to its streaming service. — Bloomberg

Amazon.com Inc is poised to announce an acquisition of the Metro-Goldwyn-Mayer movie studio as soon as May 25, 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 US$9bil (RM37.27bil) 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.