© Reuters. FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, August 8, 2018. REUTERS/Pascal Rossignol/File Photo/File Photo/File Photo
(Reuters) – Amazon.com Inc (NASDAQ:) is in talks to acquire the iconic U.S. movie studio MGM, The Information reported on Monday, citing a person familiar with the matter.
The status of Amazon’s discussions with MGM is unclear and it is possible no deal may result, the report said.
The movie studio behind the “James Bond” franchise, also owns the Epix cable channel and makes TV shows, including popular shows like The Handmaid’s Tale, Fargo, Vikings and Shark Tank.
Amazon declined to comment on the report, saying it “doesn’t comment on rumors or speculation”.
In December, Reuters reported that the movie studio was exploring a sale and had tapped investment banks Morgan Stanley (NYSE:) and LionTree LLC and started a formal sale process.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.