Amazon completed the acquisition of Metro-Goldwyn-Mayer from a consortium of investors for $8.5bn.

Amazon, an American multinational technology company, completed the acquisition of Metro-Goldwyn-Mayer, an entertainment company that produces and distributes motion pictures, television programming, home video, interactive media, and music, from a consortium of investors that includes Anchorage Capital Group, Highland Capital Partners, Davidson Kempner Capital Management, Solus Alternative Asset Management and Owl Creek Asset Management, for $8.5bn. "On behalf of the board, I would like to thank the MGM team who have helped us arrive at this historic day. I am very proud that MGM’s Lion, which has long evoked the Golden Age of Hollywood, will continue its storied history, and the idea born from the creation of United Artists lives on in a way the founders originally intended, driven by the talent and their vision. The opportunity to align MGM’s storied history with Amazon is an inspiring combination," Kevin Ulrich, MGM Chairman of the Board of Directors. On February 28, 2022, FTC prepares for possible challenge to Amazon's $8.5bn MGM deal. On March 9, 2022, Amazon to secure unconditional EU approval for $8.5bn MGM buy. On March 15, 2022, European Commission approved unconditionally the proposed of Metro-Goldwyn-Mayer by Amazon.