Amazon Prime Video is beefing up for the streaming wars. Acco | FXTM Forex Market News

Amazon Prime Video is beefing up for the streaming wars.

According to Bloomberg, Amazon could announce a deal to snap up the Metro-Goldwyn-Mayer movie studio (the one with the roaring lion as its mascot) by today. The deal could be worth nearly US$9 billion for the stable of content belonging to the film studio, which includes popular franchises such as James Bond, Robocop, and Rocky.

Media reports on this potential takeover have lifted Amazon’s stock prices, having gained in three of the past 4 sessions. Yet, looking at the longer-term trend, the stock is in need of a bigger catalyst... Read More (https://www.forextime.com/market-analysis/trade-week-amazon-announce-mgm-purchase)