Amazon is reported to be in talks to buy the film studio MGM for around $9 billion.
News of a potential deal was reported by The Information this Monday, May 17 and has subsequently also appeared in several other media outlets. These include the Financial Times, which quotes the figure of $9 billion, according to people familiar with the matter.
It adds that MGM’s largest shareholder is currently the hedge fund Anchorage Capital and that the studio had revenues of $403 million and net income of $29 million in the first quarter.
MGM is also one of the few remaining Hollywood studios not to be owned by a larger conglomerate.
Significantly, Amazon announced last week that Jeff Blackburn would return to the company to run a new Global Media & Entertainment organisation.
Blackburn left Amazon earlier this year to join the venture capital firm Bessmer Venture Partners.
