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Amazon snaps up James Bond owner MGM for $8.45 bln as streaming war heats up

May 26 (Reuters) - Amazon.com Inc said on Wednesday it is buying MGM, the fabled U.S. movie studio home to the “James Bond” franchise, for $8.45 billion, giving it a huge library of films and TV shows and ramping up competition with streaming rivals led by Netflix and Disney+. (Reporting by Akanksha Rana; Editing by Sriraj Kalluvila, Muralikumar Anantharaman)

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