Amazon will acquire MGM for $8.45 billion

Amazon on Wednesday said it has signed an agreement to acquire Metro Goldwyn Mayer (MGM) for $8.45 billion. MGM's vast catalog of more than 4,000 films include "Basic Instinct," "Creed," "James Bond," "Legally Blonde" and more. It also has some 17,000 TV shows, including "Fargo" and "The Handmaid's Tale." All together, MGM's collection of movies and TV shows have won more than 180 Academy Awards and 100 Emmys.
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