Amazon buys MGM for $8.45 billion

As rumoured a week ago, etail and cloud giant Amazon is buying movie studio MGM to augment its Amazon Prime SVoD offering.
The word on the street was that MGM would cost around $9 billion when we covered the rumour, but in the end Amazon managed to shave over half a bil off that. For some reason Amazon is calling this a merger, despite $8.45 billion being a sum it routinely finds down the back of the corporate sofa.
“MGM has a vast catalogue with more than 4,000 films… as well as 17