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Amazon in talks to buy MGM movie studio - The Information

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By Reuters

<p><body> <p>(Reuters) – Amazon.com Inc is in talks to acquire the iconic U.S. movie studio <span class="caps">MGM</span>, The Information reported on Monday, citing a person familiar with the matter.</p> <p>The status of Amazon’s discussions with <span class="caps">MGM</span> is unclear and it is possible no deal may result, the report said. </p> <p>The movie studio behind the “James Bond” franchise, also owns the Epix cable channel and makes TV shows, including popular shows like The Handmaid’s Tale, Fargo, Vikings and Shark Tank.</p> <p>Amazon declined to comment on the report, saying it “doesn’t comment on rumors or speculation”.</p> <p>In December, Reuters reported that the movie studio was exploring a sale and had tapped investment banks Morgan Stanley and LionTree <span class="caps">LLC</span> and started a formal sale process.</p> <p/> <p> (Reporting by Mrinalika Roy in Bengaluru; Editing by Shailesh Kuber)</p> </body></p>