Posted by 
March 18 (Reuters) – Amazon.com Inc on Thursday said it was closing its $8.5 billion deal to buy MGM, combining the fabled movie maker behind “Rocky” and “James Bond” with the online retailing giant as it looks to draw consumers through more streaming video.
In a blog post, Amazon said it would welcome all MGM employees to the company and work with the studio’s leadership, indicating there would not be layoffs. Its decision to close comes after a deadline passed for the U.S. Federal Trade Commission to challenge the deal.
Subscribe to our Telegram channel for the latest updates from around the world
The post Amazon closes deal to acquire Hollywood studio MGM appeared first on NewsIn.Asia.
Source: NewsAsia
