Amazon agreed to buy MGM Studios for $8.45bn, its second largest acquisition after that of Whole Foods in 2017 which was worth $13.7bn. The announcement comes a week after they were in talks for the MGM acquisition. The acquisition is expected to help its Amazon Studios and their TV and film library more robust. The deal comes roughly a week after Discovery’s $43bn merger with WarnerMedia with CNBC noting that it may heighten antitrust concerns for Amazon. Separately, Amazon was sued by Washington DC over alleged antitrust violations – unfair pricing policies by charging third-party sellers on its site fees ~40% of a product’s price and stopping them from charging less on other platforms.
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