Amazon has closed its $8.5 billion (€7.6bn) acquisition of film studio Metro-Goldwyn-Mayer (MGM) after Federal Trade Commission (FTC) passed the deal. European Union regulators signed off on the MGM deal after finding it posed no competition problems. In the US, the deadline for the FTV to challenge passed without the agency taking action. The FTC […]

Following earlier speculation, Amazon and MGM have entered into a definitive merger agreement under which Amazon will acquire MGM for a purchase price of $8.45 billion (€6.91bn). MGM has nearly a century of filmmaking history and Amazon says it will help preserve MGM’s heritage and catalogue of films, and provide customers with greater access to […]