In May last year, Amazon announced it would buy MGM Studios, which owns the James Bond franchise among others, for US$8.45 billion ($11.38 billion). That deal has been stalled as both the US Department of Justice and US Federal Trade Commission are opposed to the merger.
Flush with cash, the biggest global tech giants — iPhone maker Apple, software behemoth Microsoft, search heavyweight Google’s parent Alphabet, e-commerce giant Amazon.com and social media Goliath, Facebook’s owner Meta — have long pondered whether their days of growing by making bolder transformative acquisitions were over.
A hostile US Congress and President Joe Biden have repeatedly made their distaste for mega mergers known.
