Amazon.com is reportedly nearing a deal to acquire movie & TV producer MGM Holdings for almost $9 billion.
According to The Wall Street Journal, a deal could be reached as soon as this week, citing sources familiar with the matter. CNBC reports suggest that the announcement could be made as soon as Tuesday, citing people who did not want to be named.
If the deal goes through, it would be Amazon’s second largest acquisition, after its $13.7 billion purchase of Whole Foods in 2017.
MGM is a private company. Its owners include Highland Capital Partners, Anchorage Capital, Davidson, Kempner Capital Management, Solus Alternative Asset Management and Owl Creek Investments.
MGM owns several popular movie and TV franchises, such as The Pink Panther, Rocky, and Legally Blonde. It also owns a studio, which has produced hit TV shows, including “Fargo.” The company also owns many popular reality TV shows, including “Shark Tank,” “Survivor,” and “The Voice.”