A report published by Variety confirmed Amazon's plans to acquire MGM, as the two companies began talks in which Amazon made a bid to complete the $ 9 billion acquisition. MGM is one of the largest companies in the film industry and production, and the company also owns the Epix content network, and Amazon is seeking to control the group through an acquisition deal that Amazon made to MGM recently.
Variety's report indicated that the price of the acquisition ranged between 7 billion and 10 billion, while MGM is seeking $ 9 billion. The reports also confirm that MGM has already been offered for sale starting in December of last year. On the other hand, the report reveals that these talks coincide with the merger of AT&T with WarnerMedia and Discovery.
It is noteworthy that the report did not reveal a date for the completion of the acquisition deal. Amazon also did not provide details about the acquisition deal, so we are expecting more details about the acquisition in the coming period.