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Amazon buys MGM for $8.45 billion

Amazon buys MGM for $8.45 billion

Amazon has reached a deal to acquire the film and TV company MGM for $8.45 billion, the companies announced today. It’s a significant acquisition for the e-commerce giant, and it means it will own a library of content that’s reported to consist of around 4,000 films and 17,000 hours of TV.
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