17 March 2022
3310
1 min.
6
A deal between the companies
US corporation Amazon has closed a deal to acquire film company Metro-Goldwyn-Mayer for $8.5 billion. This was reported by Bloomberg on Thursday.
According to it, the merger became possible after the EU antitrust regulator found earlier on Tuesday that the deal does not create competition problems in the EU. According to Bloomberg, the agreement could be challenged in the future by the US Federal Trade Commission if a majority of its members vote to file a lawsuit.
It is worth noting that the new acquisition, which is the largest in the last 5 years, will allow Amazon to compete more effectively with streaming services such as Netflix and Disney+. For example, Amazon will get the rights to James Bond, a franchise that has earned about $7 billion at the global box office.
Amazon (NASDAQ: AMZN) shares opened at $3,052.81 today.
Also of note, the company's 52-week high is US$3,773.08 and Amazon's 52-week low is US$2,671.45.
However, Metro-Goldwyn-Mayer shares opened at $41.74 and at the time of writing at 10:52 a.m. ET, the company's shares are trading at a loss. Also, the company has a market capitalisation of $18.51 billion.
Metro-Goldwyn-Mayer was founded in 1986 by Marcus Loew.
Persons1 and Companies5 in the news
Section:
Source foto:
Related news
444
2664
Last news
85
137
166
207
Rating companies
17 Mention
14 Mention
10 Mention
9 Mention
8 Mention
8 Mention
7 Mention
7 Mention
7 Mention
6 Mention
NEW YORK NEWS
News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova
Development Director
