Amazon.com Inc is coming close to a deal to buy the Hollywood studio MGM Holdings for almost $9 billion including debt, a pact that would turn a film operation launched in the silent era into a streaming asset for the e-commerce behemoth. An agreement could be announced as early as this week, people close to the situation stated that, assuming the talks donât fall apart at the last minute.The deal would mark Amazonâs second-biggest acquisition in history, behind its $13.7 billion purchase of Whole Foods back in 2017, and highlight the premium that content is instructing as streaming wars force consolidation and drive larger players to bulk up with assets that help them compete.The privately traded MGM was valued at roughly $5.5 billion, including debt, last December. Its stock price has surged in recent days, from roughly $105 a share in mid-May, before talks were reported, to roughly $140 a share on Monday morning. The share price reached $150 Monday afternoon after The Wall Street Journal reported news of the expected deal.
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