Amazon in negotiation to acquire MGM holdings

MGM Holdings, the parent company of the American media company Metro-Goldwyn-Mayer Studios Inc is currently negotiating to be acquired by Amazon, according to a May 24 Wall Street Journal report citing unnamed sources.

The storied studio boasts of one of the largest Hollywood film and TV libraries, including the legendary James Bond franchise.

The newspaper claims that the deal figure could come up to “almost $9 billion,” and talks have reached a position where a deal could be revealed, “as early as this week.”

For a very long time, rumors were rife that the tech company was a top suitor for the studio, which came out from bankruptcy in 2010.

However, it is believed that Apple was also considered as a potential buyer and even NBC Universal was in talks, as told by sources to The Hollywood Reporter.

Anchorage Capital is MGM’s top shareholder. It is run by former Goldman Sachs executive Kevin Ulrich, who heads the studio’s board of directors and is believed to be leading the deal.