Gold Prices Surge Over 2% After U.S.-Israel Strikes on Iran Spark Safe-Haven Demand 
Nintendo Share Sale: MUFG and Bank of Kyoto to Sell Stakes in Strategic Unwinding 
Asian Markets Slide as Nvidia Earnings, U.S.-Iran Tensions and AI Valuations Weigh on Investor Sentiment 
Argentina Tax Reform 2026: President Javier Milei Pushes Lower Taxes and Structural Changes 
Australian Dollar Rallies on Hawkish RBA Outlook; Yen Slips as BOJ Faces Political Pressure 
Asian Currencies Slide as US-Israel Strikes on Iran Trigger Oil Surge and Risk-Off Rally 
Strait of Hormuz LNG Crisis Triggers Global Energy Market Shock 
Strait of Hormuz Oil and LNG Shipments Disrupted After U.S.-Israel Strikes on Iran 
Wall Street Futures Tumble as U.S.-Iran Conflict Escalates and Oil Prices Surge 
Gold Prices Steady in Asia, Set for Strong February Gains on Safe-Haven Demand 
Global Markets Reel as Euro Falls, Swiss Franc Surges and Oil Prices Spike After U.S.-Israel Strike on Iran 
Trump Orders Federal Agencies to Halt Use of Anthropic AI Technology 
Middle East Airspace Shutdown Disrupts Global Flights After U.S.-Israel Strikes on Iran 
APEX Tech Acquisition Inc. Raises $111.97 Million in NYSE IPO Under Ticker TRADU 
Meta Signs Multi-Billion Dollar AI Chip Deal With Google to Power Next-Gen AI Models 
Ecuador Raises Tariffs on Colombian Imports to 50% Amid Border Security Dispute 
Amazon is reportedly very close to sealing a deal for the acquisition of MGM Studios. It was reported that the tech and e-commerce company would be paying a hefty $8.5 to $9 billion if the media company agrees to the terms and finally approve the sale.
This information has been shared by someone who is familiar with the matter, as per CNBC. It was added that the two parties are really close to signing the contract and in fact, an official announcement of the acquisition may be released as early as today, May 25.
Amazon’s biggest purchase since 2017
If things go smoothly and Amazon successfully purchases Metro-Goldwyn-Mayer, it would be Jeff Bezos’ firm’s biggest acquisition since 2017, when it acquired Whole Foods for $13.7 billion.
MGM has been looking for a buyer for a few years now and it seems that finally, a prospective new owner has stepped in. Currently, the studio is owned by several entities, including Anchorage Capital, Kempner Capital Management, Highland Capital Partners, Owl Creek Investments, Davidson, and Solus Alternative Asset Management. They funded and took over the company after going bankrupt in 2010.
Amazon‘s decision to buy MGM is due to its interest in acquiring more film and television content for its Prime Video service that is trying to compete with the leading streaming player, Netflix, Disney and other labels.
What Amazon will gain
With this said, Amazon has a lot to gain from MGM as it owns a plethora of content, including a number of hit TV franchises such as “Pink Panther,” “James Bond,” “Rocky,” and “Legally Blonde.” It also has hit drama series and reality shows like “Fargo,” “The Handmaid’s Tale,” “Survivor,” “The Voice,” and “The Real Housewives.”
Deadline reported that last year, MGM was valued at about $5.5 billion only and this already includes its debts. It trades on the OTC market and in recent days, the company’s stock price has been going up, from $105 a share in mid-May before the acquisition was reported to around $140 a share today. Meanwhile, this will be the second major media merger this month after AT&T’s WarnerMedia and Discovery agreed to a deal.
