Thndr Claps
  • U.S.
  • Egypt
  • Saudi
  • Thinkers
  • Arabic
No Result
View All Result
Thndr Claps

Thndr Claps » U.S. Claps » Mergers & Acquisitions 🤝 » Prime Video is in for a treat🎬

Prime Video is in for a treat🎬

by Shams Abbas
March 18, 2022

The Clap
Amazon announced the completion of its $8.5 billion acquisition of Metro-Goldwyn-Mayer (MGM) studios.

That’s a big acquisition
Do you know that roaring lion at the beginning of blockbuster movies like “Rocky” & “James Bond”? Yeah, that image up there. That’s MGM studios, home to more than 4,000 film titles & 25,000+ hours of streaming.

The acquisition is Amazon’s second-biggest ever, after buying Whole Foods in 2017 for $13.7 billion. Amazon hopes the move puts Prime Video up there with Disney+ & Netflix.

What you need to know
The acquisition was agreed upon last May but only closed yesterday. Regulators have been cracking down on big tech companies because they’re simply able to acquire their competition, which could be harmful to consumers. 

Amazon, for example, has previously acquired smaller startups it perceived as a threat, including footwear seller Zappos & streaming platform Twitch. However, European regulators greenlit the deal, while the deadline for U.S. regulators passed to challenge the deal.

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related Posts

Tech 📲

AT&T stock jumps 📡

by Omar El Shorafa
January 26, 2023
Claps, Tech, NYSE
Tech 📲

IBM tops estimates and plans job cuts 💾

by Omar El Shorafa
January 26, 2023
Claps, Tech, Automotive
Automotive 🚗

Tesla ended 2022 on a high 🔝

by Omar El Shorafa
January 26, 2023
Claps, Health
Tech 📲

Amazon offer medical subscription service 💊

by Omar El Shorafa
January 25, 2023
Claps, Tech
Tech 📲

Microsoft posts bitter-sweet quarter 💻

by Omar El Shorafa
January 25, 2023
Tech, Claps
Tech 📲

Weaker cloud business expected to hurt Microsoft and Amazon ☁️

by Omar El Shorafa
January 24, 2023

Website

Community

Blog

Learn

© Thndr. All rights reserved

No Result
View All Result
  • U.S.
  • Egypt
  • Saudi
  • Thinkers
  • Arabic

Disclaimer: Thndr does not provide investment advice, individual investors are responsible for their own decisions or can seek independent advice. The value of investments can go up and down. Thndr is a trading name of Thndr Securities Brokerage which is authorised and regulated by the Financial Regulatory Authority (FRA). Registered in Egypt (no. 804)..© Thndr. All rights reserved

 

Hello👋 We want you to be able to express your opinions on anything and everything finance and economics related to the Egyptian and US markets.

This is why we introduced Thndr Thinkers💭

Let’s go through some housekeeping notes before you jump into publishing your article to all Thndr Claps readers!

Type of Content📝 We want to see market-relevant content that shows good analysis, please! Base your articles on facts 

Don’t be shy, explain🗣 Flex your knowledge to us, and we’ll share it with all the readers!

Be Original🙏 Please don’t copy. No one likes a copycat. All submissions are welcome as long as they’re yours 

Make your title attractive🤩 A title is like the cover of your book. Attractive enough to make you look at the book but also clear enough to tell you what the book is about.

Clean🧹 We’re all humans and we all make mistakes. But please try and clean up the article so it’s clear for all the readers 

No promotional content🚫 We don’t publish promotional content.

Any questions about becoming a Thndr Thinker? Email thndrclaps@thndr.app and we’d be happy to help!

Normally, your article will be published within 24 hours of submission (if you followed the guidelines)