​​#statistics Amazon's Biggest Acquisitions This is Bezos' | WhiteRaven Capital

​​#statistics
Amazon's Biggest Acquisitions

This is Bezos' second-largest acquisition: Amazon (#AMZN) bought movie production company Metro-Goldwyn-Mayer (#MGM) for about $8.5b, paying far more than industry experts believe the legendary company is worth today. Only the takeover of organic supermarket chain Whole Foods in 2017 cost Amazon more, about $13.7b.

Nevertheless, the investment in MGM could pay off for Amazon . The well-known film studio not only offers the opportunity to make new films, but also owns the rights to more than 4,000 existing films. The portfolio includes the James Bond and Rocky Balboa franchises as well as the critically acclaimed series "The Handmaid's Tale." Thus, the acquisition will significantly expand Amazon Prime Video's streaming service in both quantity and quality, further exacerbating the already serious competition between streaming services.