Amazon recently snatched up film production company Metro-Goldwyn-Mayer (MGM) for around 8.5 billion US dollars.
Only the takeover of the organic supermarket chain Whole Foods in 2017 was more expensive for Amazon at $13.7 billion.
Big tech companies – Amazon, facebook, microsoft, alphabet – going for big acquisitions to diversify into different areas.
MGM’s acquisition will boost Amazon’s prime videos.
Source : https://www.statista.com/chart/24941/amazon-acquisitions