Amazon in talks to buy movie studio MGM for about $9 billion:Report

MGM would help bolster Amazon's Prime streaming service, the Information and Variety said in reports. Amazon is weeks into negotiations to buy studio for about $9 billion, according to Variety.

Amazon.com Inc. is in discussions to acquire the nearly century-old Metro-Goldwyn-Mayer movie studio in what would be its biggest push into entertainment yet, according to news reports.

MGM, the storied Hollywood company behind the James Bond series, would help bolster Amazon’s Prime streaming service, the Information and Variety said in separate reports. Amazon is weeks into negotiations to buy the studio for about $9 billion, according to Variety.

MGM and Amazon declined to comment on the report.

MGM has been seen as a takeover target for years, but was never able to close a sale. The company made a fresh