Amazon.com Inc. AMZN 0.19% said it has agreed to acquire the Hollywood studio MGM in a deal that the e-commerce company is betting can jump-start its Prime Video streaming platform and position it to compete with industry heavyweights including Netflix Inc. and Walt Disney Co.
The purchase, which was unveiled Wednesday morning, has an equity value of $6.5 billion, people familiar with the matter said. Including debt, the value of the deal is $8.45 billion, Amazon said. It would be the second-largest acquisition in the companys history behind its $13.7 billion purchase of Whole Foods in 2017.
In MGM, Amazon will get a library of more than 4,000 films, including franchises such as James Bond and Rocky, and classics such as The Silence of th…
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