Amazon.com has said it is closing its $8.5 billion deal to buy MGM.
The online retailing giant is annexing the movie Maker as it looks to draw consumers through more streaming video.
In a blog post, Amazon said it would welcome all MGM employees to the company and work with the studio’s leadership, indicating there would not be layoffs.
Its decision to close comes after a deadline passed for the U.S. Federal Trade Commission to challenge the deal.
