Amazon Closes $8.5-Billion Deal to Acquire Hollywood Studio MGM
Amazon announced Thursday it has closed its acquisition of Hollywood studio MGM, two days after European regulators said the deal “would not significantly reduce competition” in European markets.The retail giant had announced the $8.5 billion (roughly Rs. 64,719 crore) deal in May, making it the company's second-largest acquisition following its $13.7 billion (roughly Rs. 104311.8 crore) deal with Whole Foods in 2017. The latest acquisition was aimed at boosting Amazon's streaming services to compete against Netflix and…