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Bloomberg
Amazon.com Inc was expected to announce an acquisition of the Metro-Goldwyn-Mayer (MGM) movie studio on 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.
The agreement would bring a vast library of movies and shows to Amazon, which operates the Prime Video streaming service.
Amazon and MGM declined to comment.