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Company

MGM

Filtered to Acquisitions & M&A ×
45 articles stable

Amazon completed its $8.5B MGM acquisition, but MGM’s 2023 coverage peak was driven by a disruptive casino cyberattack and its regulatory aftermath.

Who they are

Coverage uses MGM in two closely watched roles: as the entertainment business Amazon acquired to deepen its content offering, and as the casino operator affected by the September 2023 cyberattack. The stories therefore connect MGM to Amazon’s streaming and subscriber-retention strategy as well as to operational security failures in Las Vegas hospitality.

The recent arc

The coverage peak came in 2023Q3, when reporting focused on the MGM Resorts breach alongside the attack on Caesars. The Financial Times reported that Scattered Spider was likely behind the MGM hack and had used help-desk social engineering to obtain passwords; other accounts attributed responsibility to ALPHV/BlackCat or described Star Fraud’s role within the Com-linked ecosystem. MGM’s refusal to pay a ransom and its estimate of more than $100M in Q3 impact made the incident a business-disruption story, not simply a data-breach report.

In 2024, the story shifted from immediate disruption to accountability and attribution. MGM sued the FTC to halt its investigation into the 2023 attack and sought Chair Lina Khan’s recusal, while Wall Street Journal reporting traced the attack to Star Fraud and the broader online community also associated with Lapsus$. Coverage has since thinned; the latest item is an Amazon-related story rather than a new MGM operating development.

The tension

The central tension is between MGM’s exposure to social-engineering-led intrusion and the scrutiny that follows a major operational failure. Scattered Spider and related groups demonstrate how help-desk access can translate into disruption at a casino operator, while the FTC investigation puts MGM in conflict with the regulator over what data and oversight are warranted after the incident. The parallel Caesars breach reinforced that this was an industry-wide attack pattern rather than an isolated event.

Why it matters

MGM’s arc shows how a high-profile consumer and entertainment brand can become a test case for both cyber resilience and post-incident regulatory authority. If investigations and litigation continue to define the aftermath, the lasting significance may be less the attack’s initial attribution than whether regulators can examine companies’ security practices after disruptive breaches. Amazon’s ownership also keeps MGM relevant to a wider debate over whether premium content assets support Prime retention against services such as Netflix, though the recent corpus does not establish a new strategy or outcome.

MGM has appeared in 45 articles since 2015-12. Coverage peaked in 2023Q3 with 9 articles. Frequently mentioned alongside Amazon, FTC, Netflix, English.

Articles
45
mentions
Velocity
0.0%
growth rate
Acceleration
+0.500
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Sources
19
publications

Coverage Timeline

2026-04-15
About Amazon 37 related

Amazon agrees to acquire satellite operator Globalstar, set to close in 2027, to expand Leo; Amazon and Apple say Leo will power some iPhone and Watch services

Globalstar would be its second-biggest deal ever I think: Whole Foods — $13.7B Globalstar — ~$11.6B announced / pending MGM — $8.45B One Medical — ~$3.9B Zoox — ~$1.3B Zappos — ~$1.2B Ring — ~$1.0-1.2...

2022-07-22
TechCrunch 45 related

Amazon plans to acquire primary health care provider One Medical, which offers in-person, digital, and virtual services, for about $3.9B in an all-cash deal

Amazon is buying One Medical, the so-called “Netflix of primary care,” for $3.9 billion. Ashley Belanger / Ars Technica : Amazon might own your doctor's office after latest acquisition Bloomberg : Ama...

2022-03-18
Variety 20 related

Amazon closes its $8.5B MGM acquisition, two days after the EU's antitrust regulator “unconditionally” approved the deal as the business overlaps are “limited”

Welcome back to a new edition of Lab Weekly. Robert / Transistori : Amazon omistaa nyt MGM:n The Verge : MGM is now part of Amazon Aisha Malik / TechCrunch : Amazon completes $8.5 billion acquisition ...

2022-03-17
Variety 13 related

Amazon finalizes its $8.5B acquisition of MGM, two days after the deal received clearance from the EU's antitrust regulator

Amazon has closed its $8.5 billion acquisition of MGM, the companies said Thursday.  —  The pact was first announced in May and has been winding its way through the regulatory process.

2022-03-16
Wall Street Journal 13 related

The EU approves Amazon's $6.5B MGM acquisition, saying the deal won't reduce competition as their production doesn't overlap and MGM content is not a must-have

2022-03-09
Reuters

Sources: Amazon is expected to win unconditional approval from the European Commission for its $8.5B acquisition of MGM, which was announced in May 2021

Amazon is expected to win unconditional EU antitrust approval for its $8.5 billion buy of U.S. movie studio MGM, people familiar with the matter said … Tweets: @trevorcroker See also Mediagazer Tweets...

2021-07-10
The Information 6 related

Sources: the FTC has opened an in-depth investigation into Amazon's purchase of MGM

Any hopes that Amazon had of completing its $8.5 billion purchase of movie and TV studio MGM anytime soon may have just gone out the window.  —  The Federal Trade Commission on Friday opened …

2021-05-27
CNBC 26 related

Amazon says it will acquire MGM Studios for $8.45B, its second-largest acquisition since it paid $13.7B for Whole Foods in 2017

they are laser-focused on expanding and entrenching their monopoly power. That's bad for workers, consumers, and small businesses. Josh Hawley / @hawleymo : This sale should not go through. @amazon is...

2021-05-18
The Information 28 related

Source: Amazon is in talks to acquire MGM for between $7B and $10B, in what would be its biggest move to expand into entertainment

Amazon is in discussions to acquire MGM, said a person familiar with the situation, in what would be the ecommerce giant's biggest move yet to expand in entertainment.

2020-10-26
Variety 4 related

Sources: Apple TV+, Netflix, and others explored buying the rights for “No Time to Die”, but balked at MGM's $600M price tag

Apple, Netflix and other streaming services explored the possibility of acquiring “No Time to Die,” the upcoming James Bond movie that was originally slated to debut last April.

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Quarterly Coverage

Top Sources

Narrative

TEXXR tracks 53 tech news articles mentioning MGM, dating back to December 2015. The biggest stories include MGM was likely hacked by Scattered Spider, an English-speaking group that previously used... and Amazon says it will acquire MGM Studios for $8.45B, its second-largest acquisition since.... Frequently covered alongside Amazon, MGM Resorts, FTC, Netflix, and Scattered Spider. Coverage has shifted toward developer themes and away from consumer.

Key Moments

2025Q1consumer -25pts; regulation +100pts
2026Q1developer +50pts; regulation -100pts

Relationships

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