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Jim Cramer on MGM Studios Reports: Amazon 'Controls Its Own Destiny'

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Amazon  (AMZN) - Get Inc. Report is reportedly in talks to acquire privately-held Metro-Goldwyn-Mayer Studios for around $9 billion per reports from Variety and The Information.

An acquisition of MGM, the company behind the "James Bond" franchise, would help bolster Amazon’s Prime streaming service and help it better compete with other streaming platforms such as Netflix and Disney.

Amazon is weeks into negotiations on a deal to acquire MGM, Variety reported, citing industry sources.

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