The Briefing
- Amazon plans to acquire Metro-Goldwyn-Mayer (MGM) for $8.45 billion
- This move would add 4,000 films and 17,000 TV shows to Amazon Studios’ content library
Amazon’s Most Notable Acquisitions To Date
Big Tech just keeps getting bigger.
On May 26, 2021, Amazon announced its plan to acquire Metro-Goldwyn-Mayer (MGM) studios for $8.45 billion, making it the company’s second largest acquisition to date.
Amazon has acquired multiple companies across a variety of sectors from healthcare to entertainment, helping diversify its core revenue. In total, the tech giant has acquired or invested in over 128 different companies over the last 20 years.
Top 10 Amazon Acquisitions by Value
In 2017, Amazon paid $13.7 billion to purchase Whole Foods Market—this remains the company’s largest acquisition to date.
The Whole Foods acquisition provided brick-and-mortar space for Amazon to sell some of its flagship devices, like the Echo Dot. It also allowed Amazon to gather valuable shopping data on its customers, to better understand their offline shopping preferences.
Here’s how Amazon’s top 10 acquisitions by value stack up in comparison:
Rank | Company Acquired | Announced Date | Acquisition Value |
---|---|---|---|
#1 | Whole Foods Market | Jun 16, 2017 | $13,700,000,000 |
#2 | Metro-Goldwyn-Mayer | May 26, 2021 | $8,450,000,000 |
#3 | Zoox | Jun 26, 2020 | $1,200,000,000 |
#4 | Zappos | Jul 22, 2009 | $1,200,000,000 |
#5 | Ring | Feb 27, 2018 | $970,000,000 |
#6 | PillPack | Jun 28, 2018 | $839,000,000 |
#7 | Twitch | Aug 25, 2014 | $775,000,000 |
#8 | Kiva Systems | Mar 19, 2012 | $753,000,000 |
#9 | Souq | Mar 27, 2017 | $580,000,000 |
#10 | Quidsi | Nov 8, 2010 | $545,000,000 |
Prior to (Read more...)