Amazon.com closes $8.5 billion deal to buy MGM movie studio
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Amazon.com Inc on Thursday said it had closed its $8.5 billion deal to buy MGM, combining the fabled moviemaker behind "Rocky" and James Bond with the online retailing giant as it looks to draw consumers through more streaming video. In a statement, Amazon said it would welcome all MGM employees to the company and work with the studio`s leadership, indicating there would not be layoffs.