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May 29, 2021
Amazon Inc is making a big push into the entertainment field by acquiring MGM Studios in a deal worth $8.45 billion. MGM is one of the oldest studios in Hollywood, founded in 1924 when films were still silent. “According to CNBC, the acquisition is the second-biggest in Amazon’s history, just behind its $13.7 billion Whole Foods purchase in 2017.”...
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