Amazon is thinking of buying MGM, the Information reported, citing a source familiar with the situation. MGM is known for its historic catalogue of films, including the James Bond franchise and other well-known titles such as Rocky and the Pink Panther. It also owns the Epix cable channels and has made TV shows such as The Handmaid’s Tale and Fargo and reality shows such as Shark Trank and Survivor.
Variety put the bid price at about USD 9 billion, with the suggestion that is what MGM was looking for, citing industry sources. Different market watchers put the range at USD 7-10 billion. Variety reported in December that MGM was looking for a buyer. It added now that while discussions with MGM were ongoing, it was still possible no deal would come out of them.
