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Amazon in talks to buy Hollywood studio MGM for $9bn

The film company, which owns the James Bond franchise, had held talks with Netflix and Apple

Amazon is in talks to acquire MGM, the Hollywood studio behind the James Bond and Rocky franchises, in a $9bn (£6.3bn) deal.

MGM, which put itself up for sale in December, is one of the few Hollywood studios with “crown jewel” franchises not to have been snapped up in the recent wave of mega mergers and acquisitions in the media industry.

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Originally posted in the guardian.