MGM’s $8.45 Billion Merger With Amazon
May 26, 2021
Cleary Gottlieb is representing Anchorage Capital Group, a principal stockholder of MGM Studios (MGM), which announced on May 26, 2021, that it has entered into a definitive merger agreement under which Amazon will acquire MGM for a purchase price of $8.45 billion.
MGM has nearly a century of filmmaking history and complements the work of Amazon Studios, which has primarily focused on producing TV show programming. Amazon will help preserve MGM’s heritage and catalog of films, and provide customers with greater access to these existing works. Through this acquisition, Amazon would empower MGM to continue to do what they do best: great storytelling.
For more information, please see the press release here.