Amazon takes over MGM Studios for £5.97bn

The acquisition marks Amazon’s second-biggest after it bought upmarket grocery chain Whole Foods for £10.7bn in 2017. The sale includes Metro Goldwyn Mayer’s ‘Epix’ cable channel which makes popular TV…

Spotify takes over podcast firms Gimlet and Anchor

Spotify has bought two podcast firms and plans to spend up to £385m on further acquisitions in an attempt to move beyond its music streaming roots for new growth.The Swedish company has taken over Gimlet, the firm behind a string of popular podcasts including Homecoming, which was adapted into an Amazon TV series starring Julia Roberts.