By: Georg Szalai

Amid a wave of M&A fever, will Amazon’s $8.45 billion takeover of MGM prompt its Silicon Valley rival Apple to refresh its shopping list to include a Hollywood studio?

The iPhone maker already has a giant footprint in entertainment through its services division — which includes Apple TV+, Apple Music, the App Store, iCloud and more. Its revenue topped $16.9 billion in the first quarter, up from $13.3 billion in the year-ago period, and the tech giant boasts 660 million paid subscribers in total…read more.

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