Amazon officially completes its acquisition of MGM for $8.5B
The legendary film and television studio is nearly 100 years old

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A classic MGM logo Screenshot: Screenshot: MGM
Amazon has confirmed that it has completed its acquisition of MGM for $8.5 billion, per Variety. The original offer stood at a cool $9 billion. The sale process began last May and has been undergoing analysis by trade regulators since then.
A recent review from the European Commission stated that the services of MGM and the retail-but-also-lots-of-other-stuff giant have “limited” overlap, also concluding that “overall MGM is not among the top production studios.” Now, the merger has gone unchallenged by the Federal Trade Commission in the U.S., signaling a go-ahead for the deal.