Amazon’s $8.45 Billion Acquisition of MGM

On May 26, 2021, Amazon and MGM announced that they have entered into a definitive merger agreement under which Amazon will acquire MGM for a purchase price of $8.45 billion. Cravath is representing Amazon in connection with the transaction.

The Cravath team is led by partner Erik R. Tavzel and includes associates Sung Woong (Andrew) Kang, Andrew J. Astore and Christina M. Drakeford on M&A matters; partner Eric W. Hilfers and associates Christopher C. Gonnella and Brendon J. Rivard on executive compensation and benefits matters; partner J. Leonard Teti II and associate Richard Bohm on tax matters; partner David J. Kappos, practice area attorney Anthony N. Magistrale and associate Carys J. Webb on intellectual property matters; and practice area attorney Brian M. Budnick on real estate matters. Jason O. Rooindej also worked on M&A matters.