Amazon announced the completion of its acquisition of Hollywood studio MGM on Thursday.

Amazon closes deal to acquire Hollywood studio MGM

Smartphone with Amazon label is considered in entrance of displayed MGM label on this illustration (Picture: Reuters) Inc on Thursday talked about it was as soon as closing its $8.5 billion deal to take MGM, combining the fabled movie maker on the encourage of “Rocky” and “James Bond” with the accumulate retailing giant because it appears to be like to be like to arrangement buyers by extra streaming video.

In a weblog post, Amazon talked about it would possibly well welcome all MGM workers to the firm and work with the studio’s management, indicating there wouldn’t be layoffs. Its resolution to shut comes after a closing date handed for the U.S. Federal Trade Commission to topic the deal.

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