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Amazon Nears Deal to Buy Hollywood Studio MGM


MGM offices in Beverly Hills, Calif., on May 18.



Photo:

Eric Thayer/Bloomberg News

BREAKING NEWS

Amazon.com Inc.

AMZN 1.61%

is nearing a deal to buy the Hollywood studio MGM Holdings for almost $9 billion, said people familiar with the matter, a pact that would turn a film operation founded in the silent era into a streaming asset for the e-commerce giant.

An agreement could be announced as early as this week, people close to the situation said.

Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8



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