Big Tech just keeps getting bigger.
On May 26, 2021, Amazon announced its plan to acquire Metro-Goldwyn-Mayer (MGM) studios for $8.45 billion, making it the company’s second largest acquisition to date.
Amazon has acquired multiple companies across a variety of sectors from healthcare to entertainment, helping diversify its core revenue. In total, the tech giant has acquired or invested in over 128 different companies over the last 20 years.
Top 10 Amazon Acquisitions by Value
In 2017, Amazon paid $13.7 billion to purchase Whole Foods Market—this remains the company’s largest acquisition to date.
The Whole Foods acquisition provided brick-and-mortar space for Amazon to sell some of its flagship devices, like the Echo Dot. It also allowed Amazon to gather valuable shopping data on its customers, to better understand their offline shopping preferences.
Here’s how Amazon’s top 10 acquisitions by value stack up in comparison:
| Rank | Company Acquired | Announced Date | Acquisition Value |
|---|---|---|---|
| #1 | Whole Foods Market | Jun 16, 2017 | $13.7 billion |
| #2 | Metro-Goldwyn-Mayer | May 26, 2021 | $8.5 billion |
| #3 | Zoox | Jun 26, 2020 | $1.2 billion |
| #4 | Zappos | Jul 22, 2009 | $1.2 billion |
| #5 | Ring | Feb 27, 2018 | $970 million |
| #6 | PillPack | Jun 28, 2018 | $839 million |
| #7 | Twitch | Aug 25, 2014 | $775 million |
| #8 | Kiva Systems | Mar 19, 2012 | $753 million |
| #9 | Souq | Mar 27, 2017 | $580 million |
| #10 | Quidsi | Nov 8, 2010 | $545 million |
Prior to Wednesday’s announcement, the purchase of robotaxi company Zoox was Amazon’s second largest acquisition. According to their reported agreement, Amazon has the rights to use Zoox’s transport technology for ride-hailing or logistics (delivery) services.
The acquisition of MGM will add 21,000 films and TV shows to Amazon’s content library, helping Amazon keep up with the fierce competition in the content streaming industry. MGM owns the rights to “The Handmaid’s Tale” series and “Shark Tank,” as well as the James Bond and Rocky franchises.
Full List: Amazon’s Most Notable Acquisitions
While far from exhaustive, here’s a look at some of Amazon’s most notable acquisitions since 1998, as shown in the graphic:
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