Amazon Bids to Acquire MGM for $9 Billion

Credit: MGM

Credit: MGM

A giant taking over another would surely change the terrain of the game and with Amazon in negotiations to bid and acquire MGM, it surely has a hefty price tag considering that MGM holds one of the deepest libraries for both films and TV shows – a whopping $9 Billion is placed on the table in hopes to seal the deal.

Last December, MGM confirmed that it has been looking for a buyer. According to Variety, Amazon is deep in the negotiation to acquire MGM for such a huge price tag for weeks already. It has been said that such amount was the tag the company whispers to their prospective buyers. In a report of The information, the potential deal could go between $7 billion to $10 billion. Not only that, they're sure is competition as other tech and media giants have also been eyeing to get MGM under their wings.

Negotiations on the deal are said to be led by the senior VP of Amazon Studios and Prime, Video, Mike Hopkins, who directly talks with the board chairman of MGM, Kevin Ulrich, whose Anchorage Capital is considered as one of the major shareholders of MGM.

To get MGM is such a steal as it holds a really deep library of films like James Bond, Hobbit, Rocky/Creed, The Silence of The Lambs, among others, and TV shows like Vikings, Fargo, Teen Wolf, American Gladiators, The Handmaid's Tale, and many more. They also hold in their library reality TV shows such as Survivor, Shark Tank, The Voice, The Hills, and The Real Housewives of Beverly Hills.

If Amazon would win the bid, it is possible that most, if not all of these shows would be available through their platforms.

Related: Amazon's Lord of the Rings Series Gets Major Reinforcement with Addition of The Witcher Director

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