Amazon to Buy MGM, Bagging a Lion to Help Wage Streaming Battle – The Wall Street Journal
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…