Amazon (NASDAQ: AMZN) and MGM announced that they have entered into a definitive merger agreement under which Amazon will acquire MGM for a purchase price of US$8.45 billion. MGM has nearly a century of filmmaking history and complements the work of Amazon Studios, which has primarily focused on producing TV show programming. Amazon will help preserve MGM’s heritage and catalog of films, and provide customers with greater access to these existing works.
Latham & Watkins LLP represented MGM in the acquisition with a team led by Century City partners Kendall Johnson, Rick Offsay, and Jason Silvera and with associate Omeed Anvar. Advice was also provided on antitrust matters by Washington, D.C. partner Amanda Reeves, Bay Area partner Kelly Fayne, Brussels partner Lars Kjølbye, and London partner David Little with associate Dan Ambar; on benefits matters by Bay Area partner Julie Crisp; and on a data and technology transactions matters by Los Angeles partner Ghaith Mahmood and Bay Area counsel Robert Blamires with associate Jennifer Howes.